Maalexi secures $20mln facility for B2B food and agri platform

Amwal Capital backs Maalexi with $20m facility

Maalexi, a next-generation B2B food and agri FinTech platform, has secured a shariah-compliant credit facility worth up to $20m from Amwal Capital Partners (ACP), an independent firm specialising in alternative investments across the MENA region. The agreement begins with a $5m tranche designed to help Maalexi scale operations and strengthen food security efforts across the UAE and Saudi Arabia, according to a report from Wamda. The funding will…

Agri trade platform Maalexi seals US$20mn credit facility

Maalexi, a technology-driven risk management platform for trade in agricultural goods, has secured a credit facility of up to US$20mn from Dubai-headquartered Amwal Capital Partners.  The shariah-compliant facility starts with an initial tranche of US$5mn, and is expected to help Maalexi expand its operations in the UAE and Saudi Arabia and “advance its mission to strengthen food security”.  Maalexi’s platform enables SMEs to participate directl…

Maalexi secures $20mln facility for B2B food and agri platform

The platform leverages proprietary technologies to manage credit, inventory, compliance, and logistics with unmatched intelligence