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UAE-based Maalexi Closes $3 Mn Pre-Series A Funding led by Global Ventures

Maalexi, the UAE-based dynamic risk management platform for SME agri-businesses, announces the completion of a $3 million in pre-Series A funding round. The funding round was led exclusively by Global Ventures, MENA’s leading venture capital firm, which joins existing venture capital investors Rockstart (Amsterdam) and Ankurit Capital (New Delhi).

Maalexi, the UAE-based dynamic risk management platform for SME agri-businesses, announces the completion of a $3 million in pre-Series A funding round. The funding round was led exclusively by Global Ventures, MENA’s leading venture capital firm, which joins existing venture capital investors Rockstart (Amsterdam) and Ankurit Capital (New Delhi).

Read also – Saudi Arabia-based Nawel Secures $1 Mn Pre-Seed Funding led by NOMD Holding

The proceeds will be deployed by Maalexi for: (i) tech development—to enhance its full-stack platform to help SME agri-buyers procure faster, cheaper, and safer from globally placed SME sellers; and (ii) drive customer acquisition—specifically more buyers in the UAE and Saudi Arabia and to add sellers from 50+ origin countries.

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Maalexi’s proprietary technology has embedded risk management tools such as digital contracts, AI-enhanced inspections, and blockchain-authenticated documentation, all on a user-friendly web platform. Maalexi’s solution increases participation and automates trade – leading to higher customer revenues, more bankability, and more sustainable enterprises.

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Dr. Azam Pasha, co-founder and CEO of Maalexi, said: “We are delighted to complete our $3 million pre-Series A round – with the exclusive participation of MENA’s leading VC firm, Global Ventures. It is a very exciting time for Maalexi; we have a huge market opportunity that we know needs our solution – a proprietary automated process that makes life easier and more lucrative for SME agri-buyers and sellers. The per-transaction costs of our platform are very low, and we enable safer, faster trades cross-border”. “At the same time, we are strengthening food security in our home country and region. We look forward to 2024 and our regional expansion with great confidence.”

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Noor Sweid, Founder and Managing Partner of Global Ventures, commented: “We are delighted to lead Maalexi’s funding round. Focused on empowering small to medium agribusinesses, the company is streamlining the transborder exchange of agriculture products, using AI-driven risk management tools to address payment and performance risks in regional and global supply chains.

Read also – Kidbea Secures $1 Mn Pre-Series A Funding led by Venture Catalysts

About Maalexi

Founded in 2021, Maalexi, is agri-trade fintech, with a cutting-edge risk management platform designed to safeguard payment and performance for small agri-businesses involved in or exploring cross-border trade.

Read also – Indonesia based Semaai Raises US$4.7 Mn in Pre-Series A Round

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