UAE Agri-Trade Fintech Maalexi Raises $3m in Pre-Series A

UAE Agri-Trade Fintech Maalexi Raises $3m in Pre-Series A

Maalexi, an UAE-based dynamic risk management platform for SME agri-businesses, announces its completion of a $3 million pre-Series A fund raise. The funding round was led exclusively by Global Ventures

The post UAE Agri-Trade Fintech Maalexi Raises $3m in Pre-Series A appeared first on Fintechnews Middle East.Maalexi, an UAE-based dynamic risk management platform for SME agri-businesses, announces its completion of a $3 million pre-Series A fund raise.

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).

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

Maalexi’s platform helps the millions of small agri-businesses active in the $3 trillion global, cross-border food trading market. Despite the market growing at 6% CAGR in the last five years – such businesses often suffer from an inability to manage trade risks, and get access to finance.

Maalexi’s proprietary technology has embedded risk management tools such