UAE Fintech Startup Klaim Raises $26M to Transform Healthcare Payments
Klaim, a UAE-based healthcare fintech startup, has secured $26 million in funding to accelerate medical insurance claim payments. The funding includes $10 million in Series A equity and $16 million in debt financing. Saudi-based Mad’a Investment led the round, with participation from CDG Invest, the investment arm of Morocco’s Deposit and Management Fund.
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Solving Delayed Healthcare Payments
Founded in 2019 by Karim Dakki and Ghafoor Ahmad, Klaim tackles a major challenge in healthcare finance—delayed insurance claim payments. Although regulations require claims to be settled within 45 days, insurers often take 60-90 days, with 90% of claims taking up to 120 days to be paid.
Klaim’s AI-driven platform enables healthcare providers to receive payments within 24 hours of claim submission, improving cash flow and operational efficiency.
Expansion Plans in MENA
With this fresh capital, Klaim plans to:
✔ Expand its presence in the UAE, Saudi Arabia, and Oman
✔ Enhance its technology and AI-driven solutions
✔ Strengthen partnerships with financial institutions, insurers, and healthcare providers
Saudi Expansion with $16M Healthcare Fund
Klaim’s Saudi growth is backed by a partnership with Tharawat Tuwaiq Financial Company, which has received approval for a $16 million (SAR 60M) private healthcare financing fund. The first transaction is set for this month, with more funding expected in late 2025.
GCC-Wide Growth Strategy
Currently operating in the UAE and Saudi Arabia with offices in Dubai, Abu Dhabi, and Riyadh, Klaim aims to expand across the entire GCC region in the near future.
CEO Karim Dakki describes this funding round as a “critical milestone” that will enable rapid scaling and technological advancements in healthcare fintech.
🔹 Klaim is revolutionizing medical claim financing—fast, seamless, and efficient.
