ClearGrid

The company provides an AI-powered debt resolution platform for lenders such as banks and fintech companies, including Buy Now, Pay Later (BNPL) providers. ClearGrid's business model is based on charging a percentage fee on the amounts recovered, a structure that has already led to profitability in its UAE operations within a year of its 2024 launch. Since its launch, the company has managed debt portfolios valued in the hundreds of millions and secured over ten major enterprise clients.

ClearGrid's platform integrates with lenders' systems via API, automating the collections process from start to finish. It utilizes AI models to analyze borrower data, predict repayment likelihood, and personalize outreach across multiple channels, including AI-powered voice agents that handle a high volume of calls daily. This approach automates an estimated 95% of collection operations. For borrowers, the platform offers a self-service portal where they can create or amend flexible repayment plans without direct interaction with a collector, fostering a more humane and dignified resolution process. This has resulted in a 38% to 50% improvement in resolution rates and has doubled the speed of debt resolution compared to traditional agencies.

In March 2025, ClearGrid announced it had emerged from stealth with $10 million in funding, raised across a pre-seed round co-led by Raed Ventures and Beco Capital, and a seed round co-led by Nuwa Capital and Raed Ventures. The capital is allocated for team expansion, particularly in engineering, and for market entry into Saudi Arabia. The company's long-term vision includes developing a comprehensive SaaS platform for early risk detection and credit orchestration.