Klaim, an Abu Dhabi-based firm providing fintech services for healthcare ins. providers, secured USD 26 mn in funding to finance regional growth, according to a press release. Some USD 10 mn of the funds were in the form of equity, with a financing fund providing another USD 16 mn. The funding round was led by Mad’a Investment, and also saw participation from the Moroccan Deposit and Management Fund’s investment arm, CDG Invest.

The next steps: The funding will go towards scaling up its operations, partnering with more financial institutions and providers, and boosting its tech capacities. It will target small and mid-sized providers, as well as larger healthcare providers, and aims to allow networks to access payments within 24 hours. Expanding its UAE footprint and deploying capital in Saudi Arabia and Oman is also in the pipeline.

Klaim? Klaim was founded in 2019 and provides a platform to speed up medical ins. claim payments to regional healthcare providers and expediting their cashflow activities using AI technology.

So far: Last year it partnered with Emirates Development Bank on a healthcare receivables financing product, and expanded into Saudi Arabia in collaboration with Tharawat Tuwaiq Financial Company.

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