UAE-based healthcare payments solutions provider Klaim has successfully secured $10 million in Series A equity funding, along with an additional $16 million in financing. This total investment of $26 million aims to support Klaim’s plans for regional expansion, particularly in the MENA region.

The funding will facilitate Klaim’s mission to transform the healthcare financial landscape by accelerating medical insurance claim payments and improving cash flow for healthcare providers. The company intends to use these funds to extend its operations within the UAE and to deploy capital in neighboring countries such as Saudi Arabia and Oman, while also refining its technology to better meet the needs of healthcare providers.

Klaim is set to initiate its first transaction under this expansion plan in March 2025. This move underscores the company’s commitment to empowering healthcare providers with innovative solutions. Furthermore, additional funds are anticipated to be introduced in the second half of 2025 to provide sustained support for the healthcare ecosystem in Saudi Arabia.

Karim Dakki, Co-Founder and CEO of Klaim, emphasized that securing Series A funding is a significant validation of their vision and business model, marking a critical point that allows for rapid scaling. In 2024, Klaim announced a strategic collaboration with Tharawat Tuwaiq Financial Company, an asset manager licensed by the Saudi Capital Market Authority, as part of its expansion into Saudi Arabia.