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ClearGrid, armed with a fresh $10M, is developing AI to improve debt collection in MENA
Mar 24, 2025
In this episode, Mohamed Al-Zabin, Co-founder and CEO of ClearGrid, discusses his vision for revolutionizing debt collection in the MENA region. He highlights the outdated methods currently in use and how ClearGrid’s AI solutions aim to enhance recovery rates while building borrower trust. With consumer lending on the rise, Al-Zabin emphasizes the importance of adapting to modern practices and regulatory demands. Tune in to discover how technology can reshape the financial landscape in emerging markets.
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Quick takeaways
- ClearGrid is leveraging AI technology to modernize debt collection processes, enhancing efficiency while preserving borrower trust during recovery efforts.
- The startup has achieved impressive recovery rate improvements and cost reductions for clients, positioning itself for significant growth and expansion in the MENA region.
Deep dives
Modernizing Debt Collection with AI
ClearGrid utilizes artificial intelligence to revolutionize the outdated debt collection process prevalent in emerging markets. The Dubai-based startup, founded in May 2023, focuses on helping banks and fintechs recover debts without resorting to aggressive tactics that can harm borrower trust. CEO Mohamed Al-Zabin emphasized the need for innovation in an industry largely reliant on outdated practices, where many agencies still used manual methods and fear-based approaches. By integrating its platform with lenders, ClearGrid aims to automate and enhance the collections process, ultimately making it more efficient and customer-friendly.
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