Founders: Mohammad Al Zaben, Khalid Bin Bader Al Saud, Mohammad Al Khalili
Country: United Arab Emirates
Founded: 2023
Partnered: 2024 / Pre-Seed
Status: Active / Seed
Co-Investors: Endeavor Catalyst, Raed Ventures, Jason Gardner (Marqeta CEO), Amjad Masad (Replit CEO)
ClearGrid is a digital debt resolution platform rethinking how consumer collections are done across MENA, by bringing a tech-first, borrower-centric approach to a space traditionally known for opacity and unpleasant borrower experience.
Through modern UX, machine learning, and empathetic communication, the platform helps lenders boost recoveries up to 25% more than traditional peers while providing borrowers with a more compassionate experience.
We’ve been close to Mohammad Al Zaben since his days building MUNCH:ON, a food delivery platform acquired by Careem, and were involved in brainstorming his next venture after the acquisition. When Mohammad returned with a sharper, more ambitious vision for this long-overlooked pain point, we backed him from day one.
What began as an idea has quickly become a full-stack platform operating in a large whitespace across the Gulf with major lenders.
At BECO, we are extremely selective with our pre-seed investments, as we prefer to see early signs of traction to support our conviction. However, when our conviction on both the opportunity and the team reaches levels that it did with ClearGrid, we move decisively to get involved as early as possible.