We are building the operating system for the lending lifecycle in the Gulf — so lenders can collect what they are owed with software instead of call centres, faster for them and fairer for the people who owe.
Built for collections, by collections. Built by the region, for the region.
We do it with software that decides the next step for every account, and by treating people decently — because it recovers more.
Starting from the hardest operating environments, not the easiest ones.
Lending in MENA modernised — origination, payments, onboarding. Collections stayed a call centre: headcount, pressure and spreadsheets. ClearGrid was built by practitioners who resolve debt at scale, inside real operations, to replace that machine with software.
Founded in Dubai by Mohammad Al Zaben (Co-founder & CEO), Mohammad Al Khalili (Co-founder & CGO) and Khalid Bin Bader Al Saud (Co-founder & Chairman of ClearGrid KSA). Al Zaben previously founded Munch:On, acquired by Careem in 2022.
Operational launch. Live portfolio operations in the UAE, and the engine's first full learning cycles on real books.
$10M raised in total — a $3.5M pre-seed followed by a $6.5M seed — co-led by Nuwa Capital and Raed Ventures. Coverage in TechCrunch, Forbes and FinTech Global. Expansion into Saudi Arabia.
$1.2B in loans under management, ten major banks and fintechs signed in the UAE, and around 75 people across Dubai, Riyadh, Cairo and Amman. UAE operations reached profitability inside the first year.
Figures ClearGrid has already put on the record, drawn from live portfolio operations in the UAE and Saudi Arabia. Definitions, cohorts and attribution methods are shared under NDA in diligence.
Improvement in resolution rates against the incumbent agency arrangements these portfolios came from.
Debt resolved roughly twice as fast as traditional agency collections.
Reduction in collection costs, with recovery rates improving 30–50% at the same time.
Borrowers interact with ClearGrid around 60% more than with traditional agencies — the input every other number depends on.
Borrower accounts engaged monthly across live books.
Borrower satisfaction on a resolved BNPL book. Collections rarely gets scored at all, let alone scored well.
We speak Arabic and English with equal fluency, and silence is welcome — we never shout to be understood. Our work is the difference between a dashboard you tolerate and one you trust.
We measure resolution, not dials. We show the working behind our numbers.
Better treatment produces better repayment. It's the strategy, not a slogan.
The platform exists because we run collections ourselves. Every edge case taught it something.
If it isn't logged, it didn't happen. Every decision is reconstructable.
$10M raised across a pre-seed and a seed, co-led by Nuwa Capital and Raed Ventures, with BECO Capital, Aramco’s Waed Ventures and Endeavor participating — alongside operators who have built payments, developer and marketplace businesses at scale.
Co-lead
Co-lead
Aramco
Participating
Founder, Marqeta
Co-founder, Twitch
Founder & CEO, Replit
Founder, Kitopi
Commercial and partnerships: sales@cleargrid.co
Headquartered in Dubai, United Arab Emirates, with a team in Riyadh.
Live borrower operations in the UAE, Saudi Arabia and Kuwait.
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