ClearGrid emerges from stealth with $10M to transform debt collection, starting with MENA [Yahoo! Finance]
Marqeta, Inc. - Class A (MQ)
Company Research
Source: Yahoo! Finance
Dubai, March 20, 2025 (GLOBE NEWSWIRE) -- Debt collection in MENA is stuck in the past - a fragmented landscape of manual processes, aggressive tactics, and poor outcomes that costs lenders billions while punishing borrowers. As the region's $500 billion consumer lending market surges and consumer protection regulations tighten, traditional collection methods cannot deliver the reliable capital flows needed to maintain harmony in financial ecosystems. Today, ClearGrid announces its launch from stealth with $10M in funding to build the first modern debt collection infrastructure for the digital age, turning what was once a liability into a competitive advantage that reinforces the financial foundation of the entire MENA region. The funding comes across two rounds, with the pre-seed round co-led by Raed Ventures and Beco Capital, and the seed round co-led by Nuwa Capital and Raed Ventures. Additional institutional investors include Aramco's Waed Ventures, KBW Ventures, Sharaka, 9yard
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MQ
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