TechCrunch Startup News ClearGrid, armed with a fresh $10M, is developing AI to improve debt collection in MENA
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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 He highlights the outdated methods currently in use and how ClearGrid’s AI solutions aim to enhance recovery rates while building borrower trust.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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Al-Zabin's Journey to ClearGrid
- Mohamed Al-Zabin, after selling Munchon, reflected on payment collection challenges.
- This led him to explore receivables management and consumer collections.
Outdated Debt Collection Practices
- The debt collection industry relied on outdated methods and harassment.
- This created a negative borrower experience, attracting regulatory attention.
Booming Lending Market
- Consumer lending, including BNPL, was booming in the Middle East.
- This surge presented an opportunity to modernize debt collection practices.