Maalexi, a UAE-based B2B food and agriculture platform, has secured an Islamic credit facility of up to $20 million from Amwal Capital Partners, an independent alternative investments firm.
The agreement begins with an initial $5 million tranche, which will support Maalexi in scaling its operations and strengthening food security across the UAE and Saudi Arabia.
The facility, collateralized against the company’s inventory and receivables in UAE warehouses, will also allow Maalexi to channel more of its equity capital toward developing its advanced technology stack, including embedded technologies, proprietary datasets, and an upcoming tokenization layer that will enable real-time transactions and payments.
Founded by Azam Pasha and Rohit Majhi, Maalexi enables verified small and medium enterprises (SMEs) to participate directly in cross-border food and agri-trade by reducing risk, optimizing capital, and enhancing transaction security.
The platform leverages proprietary technologies to manage credit, inventory, compliance, and logistics.
It offers two digital solutions — Warehouse Stock & Sell (WSS) — which allows buyers to purchase directly from inventory held in Maalexi-nominated UAE warehouses at fixed prices on immediate or credit terms. The second is procurement at origin, where Maalexi sources directly from producers and Farmer Producer Organizations (FPOs), managing inspections, shipping, and payments before storing the goods in its nominated warehouses as pre-sold inventory for forward sales to buyers.
Maalexi currently serves 500 SME customers and has delivered 32 million KG of food across 125 products from 39 countries over the last two years.
To date, the company has raised $5.3 million in equity funding, including a $3 million pre-Series A funding led by Global Ventures in 2024 with participation from Rockstart and Ankurit Capital.
Besides, it has secured $4 million in debt from Citi and Stride Ventures.