UAE’s Maalexi Secures $20M Shariah-Compliant Credit Facility to Scale Agri-Fintech Platform
Maalexi, a B2B food and agri platform based in the UAE, has bagged a Shariah-Compliant credit facility of up to $20 million from Amwal Capital Partners, an independent alternative investment firm, to ramp up operations and advance food security in the UAE and Saudi Arabia.
The agreement starts with an initial $5 million tranche, providing Maalexi with immediate firepower to strengthen its cross-border supply chain for food products at a time when food security is at the top of the region’s agenda.
The credit facility is collateralised against Maalexi's inventory and receivables stored in UAE warehouses, freeing up the company’s equity capital for further investment into its proprietary agri-trade technology stack. Maalexi plans to double down on embedded fintech tools, proprietary data sets, and a forthcoming tokenisation layer, features that will enable real-time transactions and payment innovation across its growing marketplace.
Co-founded by Dr Azam Pasha and Rohit Majhi, Maalexi's platform is designed to allow verified small and medium-sized enterprises (SMEs) to take part directly in cross-border food and agri-trade. The platform leverages smart technologies to streamline credit, compliance, inventory management, and logistics, removing major bottlenecks for SME buyers and sellers.
The firm offers two digitally enabled solutions: Warehouse Stock & Sell (WSS), which allows buyers to purchase directly from inventory held in Maalexi-nominated UAE warehouses at fixed prices with either immediate or credit terms, and Procurement at Origin, where Maalexi sources directly from producers and Farmer Producer Organizations (FPOs), manages inspections and shipping, and stores the pre-sold inventory in its warehouses for forward sales to buyers.
The platform currently serves over 500 SME customers and has delivered 32 million kilograms of food, spanning 125 product categories from 39 countries, within just the past two years.
