UAE-based firm, Klaim, has raised $26 million in a new funding round. The company specializes in payment solutions for the healthcare sector.
Tribe Techie has also gathered that the funding includes $10 million in equity financing as part of its Series A round and an additional $16 million from a dedicated funding facility.
The funding round which aims to support expansion efforts, was led by Saudi-based Moda Investment, with participation from CDG Invest, the investment arm of Morocco’s Caisse de Dépôt et de Gestion (CDG).
The newly secured funds will aid Klaim’s regional expansion in the UAE, Saudi Arabia, and Oman. Additionally, the company plans to strengthen its partnerships with financial institutions, insurance companies, and healthcare providers to drive digital transformation in the industry.
How Klaim is accelerating payments and addressing industry challenges
Klaim’s Co-founder and CEO, Karim Dakki, emphasized that securing Series A funding marks a major milestone for the company, reflecting investor confidence in its vision and business model. The investment will also enable Klaim to accelerate its growth.
He added, “The healthcare industry faces significant challenges due to prolonged payment cycles, which put financial pressure on service providers.
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“With this funding, we are in a strong position to deliver seamless and efficient payment solutions, allowing healthcare providers to focus on patient care without financial concerns.”
As part of its expansion into the Saudi market, Klaim announced a partnership in 2024 with Tharawat Tuwaiq Financial, a company licensed by Saudi Arabia’s Capital Market Authority.
Together, they launched a closed-ended healthcare financing fund worth $16 million (60 million SAR) to support working capital in the healthcare sector.
Founded in 2019 by Karim Dakki and Ghafour Ahmed, Klaim aims to enhance the efficiency of financial transactions in the healthcare sector across the Middle East and North Africa.
The company focuses on accelerating medical insurance claims payments and improving cash flow for healthcare providers.
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