The investment firm has co-led a $10 million funding round for ClearGrid, a fintech company revolutionizing debt collection in the GCC, based on the proven capabilities of its leadership team.

Target Company Overview

ClearGrid is a pioneering fintech company focused on transforming the debt collection process in the Gulf Cooperation Council (GCC). Founded by Mohammed Al Zaben, along with co-founders Khalid Bin Bader Al Saud and Mohammed Khalili, ClearGrid employs predictive analytics and borrower-centric automation to radically change how lenders recover debts. The company aims to redefine the traditional, often adversarial lender-borrower relationship into a more collaborative interaction that fosters financial responsibility.

Since its inception, ClearGrid has successfully managed substantial debt portfolios, delivering tangible outcomes for clients, such as a major UAE bank that reported a 30% increase in recovery rates while halving its collection costs. By utilizing tailored repayment solutions, ClearGrid addresses inefficiencies that plague conventional collection methods, paving the way for a more robust financial ecosystem in the region.

Industry Overview in the GCC

The GCC is currently experiencing an economic surge, driven by an influx of global talent, significant infrastructure investments, and a rapidly expanding consumer base that is fueling growth in borrowing for both consumers and small to medium enterprises (SMEs). This trend has led to a notable interest from ma