UAE healthcare fintech startup Klaim raises $26M to grow in the region
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Klaim Funding
Klaim says the new funding will help it improve healthcare finances in the Middle East and North Africa (MENA). The company wants to speed up medical insurance payments and help healthcare providers manage their cash flow better.
With this funding, Klaim plans to grow its business, improve its technology, and form more partnerships with banks, insurance companies, and healthcare providers to support digital changes in the industry.
The company is focusing on expanding in the UAE and investing in Saudi Arabia, Oman, and other regions. It also aims to improve its technology.
The funding round was led by Saudi-based Mad’a Investment, with support from CDG Invest, part of the Moroccan Deposit and Management Fund (CDG).
Klaim’s Co-Founder and CEO, Karim Dakki, called this funding a “big turning point” that will help the company grow faster.
Important Quote
“Klaim is now working with large healthcare providers and hospital networks, allowing them to receive payments within 24 hours,” said Ghafoor Ahmad, co-founder and global chief revenue officer at Klaim.
Expansion in Saudi Arabia
In 2024, Klaim expanded into Saudi Arabia through a partnership with Tharawat Tuwaiq Financial Company, a licensed asset manager and financial advisor.
As part of this move, Tharawat Tuwaiq launched a $16 million (SAR 60 million) healthcare financing fund to help healthcare businesses access working capital.
The first transaction under this fund is expected this month, with more funds to be launched in the second half of the year.
Background
Klaim was founded in 2019 and is based in Abu Dhabi Global Market (ADGM), with offices in Dubai, Abu Dhabi, and Riyadh. It mainly serves healthcare providers in the UAE and Saudi Arabia but plans to expand across the Gulf Cooperation Council (GCC) region.
Published: 8th March 2025
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