Klaim, a pioneering healthcare payment acceleration company, raised $26 million to grow its AI-driven healthcare payment solutions across the Middle East and North Africa (MENA), according to a statement on Monday.
This investment includes $10 million in Series A equity funding and an additional $16 million financing fund, which will be used to drive regional expansion and enhance medical providers’ cash flow.
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Funding and expansion plans
The funding round was led by Mad’a, with notable participation from CDG Invest, the investment arm of the Moroccan Deposit and Management Fund.
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This investment marks a crucial milestone for Klaim, which aims to become the regional leader in healthcare payments. Klaim plans to use the funds to expand its footprint in the UAE, deploy capital in Saudi Arabia, Oman, and other regions, and continuously refine its technology to serve healthcare providers better.
“We’re excited to achieve this milestone in our journey. Securing Series A funding is not only a major validation of our vision and business model but also the critical inflection point that enables us to scale rapidly,” said Karim Dakki, Co-Founder and CEO of Klaim.
Klaim has positioned itself as an innovative force in fintech, leveraging artificial intelligence and a vast data repository to predict insurance payment behaviours through advanced data analytics and AI models. This enables faster and more efficient healthcare claims processing.
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Impact on healthcare providers
The healthcare industry often struggles with prolonged payment cycles, creating financial strain for providers. Klaim’s solutions aim to alleviate this by speeding up medical insurance claim payments and improving cash flow for healthcare providers.
With this fresh funding, Klaim is well-positioned to accelerate its efforts to deliver seamless, efficient payment solutions that allow healthcare providers to focus on patient care without financial uncertainty.
“Karim Dakki and Ahmad Ghafoor are visionary founders who demonstrated a forward-thinking approach, combining their industry expertise with technological innovation to build an innovative Solution for Healthcare, thus addressing a critical gap by solving cash flow problems for medical practitioners. We believe that Klaim’s solution will scale across different healthcare systems, both locally and regionally, including Morocco,” noted Nawfal Fassi Fihri, Managing Director of CDG Invest.
Klaim now targets enterprise healthcare systems, providing 24-hour payments for larger providers and hospital networks. As Klaim grows, its solutions will empower small and mid-sized providers and large healthcare groups that need smooth, trustworthy financing solutions to expand.