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).
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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.
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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.
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