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Maalexi, the UAE-based dynamic threat administration platform for SME agri-businesses, publicizes its completion of a $3 million pre-Series A fund elevate. The funding spherical was led completely by Global Ventures – MENA’s main enterprise capital agency – which joins current enterprise capital buyers Rockstart (Amsterdam) and Ankurit Capital (New Delhi).
The proceeds can be deployed by Maalexi for tech growth – to boost its full-stack platform to assist SME agri-consumers procure quicker, cheaper, and safer from globally positioned SME sellers; and to drive buyer acquisition – particularly extra consumers within the UAE and Saudi Arabia and so as to add sellers from 50+ origin international locations.
Tomatoes rising at RedSea farms, Saudi Arabia
Maalexi’s platform helps the thousands and thousands of small agri-businesses energetic within the $3 trillion USD international, cross-border meals buying and selling market. Despite the market rising at 6% CAGR within the final 5 years – such companies typically undergo from an lack of ability to handle commerce dangers, and get entry to finance.
Maalexi’s know-how has embedded threat administration instruments similar to digital contracts, AI enhanced inspections, and blockchain-authenticated documentation – all on a user-friendly net platform. Maalexi’s answer will increase participation and automates commerce – resulting in increased buyer revenues, extra bankability, and extra sustainable enterprises.
Maalexi has grown considerably in 2023 recording a Cumulative Monthly Growth Rate of 60%, including tons of of customers, and serving to SME consumers procure thousands and thousands of kilograms of meals provides – throughout 70 merchandise, from 27 international locations.
Maalexi’s administration crew contains two co-founders with stellar backgrounds in provide chain administration, applied sciences, and finance. Azam Pasha, the CEO, has over twenty years as a head and senior advisor on meals and agricultural supply-chain administration and commerce finance, and has labored with world-renowned conglomerates on this house. Rohit Majhi, the CTO, has a background in Management Consulting at Deloitte and led the know-how perform at US-based provide chain startups throughout his profession.
::Maalexi
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