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 also support thousands of SMEs seeking to join the platform and contribute to its growth trajectory.
Maalexi enables verified SMEs to participate directly in cross-border food and agri-trade by reducing risk, optimising capital, and improving transaction security. Its proprietary technology manages credit, inventory, compliance, and logistics, allowing transactions to be executed efficiently and safely.
Dr Azam Pasha, CEO of Maalexi, said: “This facility is more than capital—it is a catalyst to enhance our capabilities and help us build resilient and intelligent food supply chains that are driven by speed, transparency, and trust. 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.
“Combined with the capital support of partners like Amwal Capital, these innovations are redefining how food is digitally procured, stored, and distributed—reinforcing food security across the UAE, Saudi Arabia, and the wider GCC.”
Sharif Eid, head of private credit at Amwal Capital Partners, added: “Maalexi’s proprietary technology stack, deep market linkages, and robust operational controls set a new benchmark for de-risking and scaling agri-trade. This is precisely the type of impactful business we are committed to supporting.”
Source: https://fintech.global/
