UAE-based healthtech company Klaim has successfully raised $26 million to enhance its payment solutions for the healthcare sector. The funding includes $10 million from a Series A equity round, supplemented by an additional $16 million in financing.

The newly acquired funds will facilitate Klaim’s expansion into markets such as the UAE, Saudi Arabia, and Oman. The company aims to leverage this capital to improve its technology, which focuses on expediting healthcare claims processing.

Founded in 2019 and headquartered in Abu Dhabi, Klaim employs artificial intelligence and data analytics to streamline medical insurance claim payments. This innovative approach has established Klaim as a significant player in resolving payment processing challenges faced by healthcare providers across the MENA region.