Klaim

Klaim uses an AI engine that assesses the creditworthiness of the payer — typically an insurer or large corporate — rather than the SME borrower. This allows it to advance up to 90% of a claim's value within 24 hours without asking for personal guarantees. The firm collects its fee automatically when the payer settles the receivable.

Klaim is not a bank and does not structure its advances as loans. It purchases receivables outright through an invoice-financing and escrow model, which means the advance does not appear as debt on the client's balance sheet. The company describes the product as working-capital acceleration rather than factoring.

Healthcare is the core vertical — clinics and medical centers that face 60- to 90-day reimbursement cycles from insurers. Klaim also serves real estate agencies, retail chains, automotive-parts distributors, and IT services firms. The common thread is businesses with large, slow-paying receivables from creditworthy obligors.

Klaim's primary markets are the United Arab Emirates and Saudi Arabia. Its website also lists a dedicated contact line for Oman, suggesting an early-stage presence there. The $26 million fundraise reported in October 2023 was explicitly earmarked to deepen the firm's footprint in Saudi Arabia.

Klaim was co-founded by Karim Dakki and Ahmad Ghafour. The company was launched in Abu Dhabi in December 2019, though further biographical details on the founders are not publicly disclosed by the firm beyond what appeared in its Entrepreneur magazine feature.

Klaim's AI model evaluates the claim and the payer's probability of settlement rather than the clinic's own balance-sheet strength, eliminating the need for collateral or lock-in contracts. The firm also integrates a free insurance-eligibility verification tool, Klaim Eligible, which reduces administrative rejections before claims are even submitted.

Klaim publicly disclosed a $26 million funding round in October 2023 (per Forbes Middle East) to support regional expansion. The firm does not publish an AUM figure because it is not a pooled investment vehicle; instead, it deploys its own balance sheet and partner capital to purchase receivables.