AI
Saudi Arabia
UAE
EgyptKlaim Secures $26 Million in Series A Funding to Expand Regional Healthcare Payment Solutions
2 min
The Series A funding round was led by Saudi investor Madaa Investment, with participation from CDG Invest, the investment arm of Morocco’s deposit and management fund.
The new funding will help Klaim expand operations across the UAE, Saudi Arabia, and Oman.
Klaim aims to streamline healthcare payments by offering faster claim settlements and improved cash flow management for healthcare providers.
The company plans to strengthen partnerships with leading financial institutions, insurers, and healthcare providers to drive digital transformation in the sector.
This follows Klaim's 2024 expansion into the Saudi market, partnering with Thrawat Tawiq Financial for a $16 million healthcare fund.
Klaim, a pioneering UAE-based company specializing in healthcare payment solutions, has successfully closed a Series A funding round, securing $26 million. This funding includes a $10 million equity investment and a $16 million supplemental fund, aimed at driving Klaim’s growth and enhancing its services within the healthcare sector.
The funding round was led by Mada Investment, a Saudi venture capital firm, with additional contributions from CDG Invest, the investment arm of Morocco’s deposit and management fund. This financial boost will be pivotal in supporting Klaim’s regional expansion plans, particularly in the UAE, Saudi Arabia, and Oman.
Klaim’s technology focuses on addressing long payment cycles, a significant issue in the healthcare industry that puts financial strain on healthcare providers. The company’s platform aims to accelerate insurance claim payments, ensuring healthcare providers receive funds within 24 hours, ultimately improving cash flow and allowing providers to focus on patient care without financial concerns.
Kareem Daki, the CEO and co-founder of Klaim, shared his excitement about this milestone: “Securing Series A funding is a pivotal moment for us. It not only reaffirms our vision and business model but also positions us to rapidly scale and deliver on our mission to enhance payment solutions in healthcare.”
As part of its expansion efforts, Klaim is focusing on institutional healthcare systems, aiming to offer large providers and hospital networks quick access to payments, which can improve operational efficiency.
Klaim's growth also comes on the back of its successful expansion into Saudi Arabia in 2024, where it formed a strategic partnership with Thrawat Tawiq Financial, a licensed asset management and advisory firm. This partnership led to the launch of a $16 million healthcare fund designed to provide specialized working capital solutions for healthcare institutions.
With its innovative approach to digital payment solutions and its solid backing, Klaim is poised to become a significant player in the healthcare finance sector in the MENA region, offering solutions that address pressing challenges faced by healthcare providers.
