Klaim Secures $26M to Expand Healthcare Solutions in MENA

Klaim, a pioneering fintech company specializing in healthcare payment acceleration, has secured a total of $26 million in funding to advance its regional growth and technological capabilities. The funding consists of $10 million in Series A equity led by Mada, with notable participation from CDG Invest, and an additional $16 million from a healthcare private closed-ended financing fund launched in collaboration with Tharawat Tuwaiq Financial Company. This fund, aimed at the unique financial needs of the healthcare sector, will enhance Klaim's ability to provide streamlined payment solutions to medical providers in the Middle East and North Africa (MENA), particularly focusing on Saudi Arabia, UAE, Oman, and potentially Morocco. The initiative will strive to address the prevalent issue of prolonged payment cycles in healthcare, thereby bolstering operational efficiency across the industry. Klaim's innovative use of AI and advanced data analytics positions it as a transformative force in accelerating healthcare claims processing, promoting better cash flow management for providers, and supporting larger healthcare entities. The first transaction under this financial initiative is scheduled for March 2025, indicating Klaim's continued dedication to revolutionizing healthcare finance through digital transformation and strategic partnerships.