Fintech Maalexi Secures $20 Million Shariah-Compliant Credit Facility

UAE-based B2B agriculture fintech Maalexi has obtained a shariah-compliant credit facility of up to $20 million from Amwal Capital Partners, with an initial $5 million tranche deployed immediately.

Founded in 2021 by Azam Pasha and Rohit Majhi, Maalexi aims to facilitate cross-border trade for small food and agri-businesses using a dynamic capital and risk management platform. The funding will allow the company to scale operations across the UAE and Saudi Arabia, serve thousands of SME partners, and contribute to regional food security.

"Partnering with Amwal Capital empowers us to scale our reach to tens of thousands of SMEs across the region while accelerating the deployment of our core technology stack - AI for risk intelligence and decision-making, IoT for real-time trackability and traceability, and blockchain for secured documents and immutable transaction records," Dr Azam Pasha, CEO of Maalexi, said.

The financing is structured as a fully tech-enabled securitisation facility, tracking daily risk exposure in real time and enabling swift, small-ticket transactions through blockchain-secured automation. It is collateralised by Maalexi's inventory and receivables in UAE warehouses. Future expansion plans include sourcing directly from farmer producer organisations and cooperatives.

This agreement is designed to accommodate larger funding disbursements as Maalexi scales its trade volumes and strengthens its data-driven risk mitigation capabilities. The platform aims to reduce operational risks related to quality, quantity, price, and payments through its proprietary systems.