Healthcare payment acceleration solution KLAIM raised $26 M to boost GCC expansion
In order to propel its regional expansion and revolutionize the way medical providers access cash flow, Klaim, a leader in healthcare payment acceleration solutions, has successfully raised $10 million in Series A equity funding and an additional $16 million in financing funds. By accelerating medical insurance claim payments and enhancing cash flow for healthcare providers in the MENA region, this investment will support Klaim’s mission to transform the healthcare financial landscape.
Klaim has established itself as a forward-thinking and unconventional force in fintech since its founding in 2019 by offering a state-of-the-art payment platform with a focus on healthcare. Klaim uses sophisticated data analytics and AI models to forecast insurance payment trends by utilizing artificial intelligence and a sizable data repository. This makes it possible to process medical claims more quickly and effectively.
Klaim plans to use the new funding to increase its presence in the United Arab Emirates, invest in Saudi Arabia, Oman, and other areas, and keep improving its technology to better assist healthcare providers.
A strategic milestone in Klaim’s expansion into Saudi Arabia was announced last year through a partnership with Tharawat Tuwaiq Financial Company, a financial advisor and asset manager licensed by the Saudi Capital Market Authority (CMA). As part of this partnership, Tharawat Tuwaiq has launched a private closed-ended financing fund for healthcare and successfully received approval. The fund, which is worth SAR60 million (roughly $16 million), intends to improve access to working capital solutions that are specifically designed to meet the needs of the healthcare industry.
This initiative’s first transaction is scheduled for March 2025, further solidifying Klaim’s dedication to providing healthcare providers with cutting-edge solutions. In the second half of 2025, more funding for this program is anticipated to be added, strengthening long-term support for Saudi Arabia’s healthcare system.
“We’re excited to achieve this milestone in our journey. Securing Series A funding is not only a major validation of our vision and business model but also the critical inflection point that enables us to scale rapidly,” said Karim Dakki, Co-Founder and CEO of Klaim.
“The healthcare industry often struggles with prolonged payment cycles, creating significant financial strain for providers. With this fresh funding, we are well-positioned to accelerate our efforts in delivering seamless, efficient payment solutions that allow healthcare providers to focus on patient care without financial uncertainty.”
“Klaim is now expanding its focus to enterprise healthcare systems, enabling larger providers and hospital networks to access payments within 24 hours,” commented Ghafoor Ahmad, Co-Founder & Global Chief Revenue Officer at Klaim. “As we scale, our solutions will empower not only small and mid-sized providers but also large healthcare groups that need seamless, reliable financial solutions to support operational growth. This marks a key milestone in our evolution toward serving the entire healthcare ecosystem at scale.”
