Maalexi’s Proprietary Tech Secures US$3 Million Funding for Global Agri-Business Expansion

Maalexi’s Proprietary Tech Secures US$3 Million Funding for Global Agri-Business Expansion

In development for the UAE's agri-business sector, Maalexi, a risk management platform catering to SMEs, has concluded a pre-Series A funding round, securing US$3 million. The funding drive was led by Global Ventures, the MENA-based venture capital firm. This comes as an addition to Maalexi's existing investors, with Rockstart from Amsterdam and Ankurit Capital from New Delhi continuing their support. The newly injected capital is earmarked for two key areas: first, advancing technological development to enhance the full-stack platform, facilitating faster, cost-effective, and secure procurement for SME agri-buyers globally; and second, intensifying customer acquisition efforts, focusing on expanding the buyer base in the UAE and Saudi Arabia, and incorporating sellers from more than 50 origin countries. Maalexi's platform addresses the challenges faced by millions of small agri-businesses operating in the US$3 trillion global cross-border food trading market. Despite the market's 6 percent CAGR in the last five years, these businesses often grapple with trade risk management and accessing finance. Powered by proprietary technology, Maalexi's platform incorporates risk management tools such as digital contracts, AI-enhanced inspections, and blockchain-authenticated documentation, all seamlessly integrated into a user-friendly web platform. This solution aims to boost participation, automate trade processes, and consequently increase customer revenues,