Dubai – Sharikat Mubasher: UAE-based healthcare fintech startup Klaim secured $26 million in funding to drive its regional growth.

According to a recent press release, the funding includes $10 million in Series A equity and $16 million in a financing round aimed at expanding its presence in Saudi Arabia, Oman, and beyond.

Klaim plans to use the funds to scale operations, enhance its technology, and strengthen partnerships with financial institutions, insurers, and healthcare providers to accelerate digital transformation in the healthcare sector.

The Series A round was led by Saudi Arabia's Mad’a Investment, with participation from CDG Invest, the investment arm of Morocco’s Deposit and Management Fund.

Karim Dakki, Co-founder and CEO of Klaim described the investment as a “critical inflection point” that will help the company expand rapidly.

Klaim’s focus is now shifting to enterprise healthcare systems, enabling larger providers and hospital networks to access payments within 24 hours, according to Ghafoor Ahmad, the company’s Co-founder and Global Chief Revenue Officer.

In 2024, Klaim announced its entry into the Saudi market through a partnership with Tharawat Tuwaiq Financial Company. The collaboration led to the launch of a $16 million (SAR 60 million) healthcare financing fund designed to provide working capital solutions for healthcare providers. The fund’s first transaction is set to take place this month, with additional funds expected later this year.

Founded in 2019, Klaim is headquartered in Abu Dhabi Global Market (ADGM) and has offices in Dubai, Abu Dhabi, and Riyadh. While initially focused on the UAE and Saudi Arabia, the startup aims to expand across the Gulf Cooperation Council (GCC) region.