ClearGrid, a Dubai-based startup, has emerged from stealth with $10 million in funding to modernize debt collection in the MENA region using AI. Founded in May 2023, the company aims to enhance recovery for banks and fintechs while avoiding customer harassment. Co-founder Mohammed Al Zaben emphasized the need for innovation in an outdated industry. ClearGrid's platform automates collections and personalizes outreach, boasting a 50% reduction in collection costs. The startup is already profitable in the UAE and plans to expand into Saudi Arabia, targeting significant revenue growth in the coming year.