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Maalexi Secures USD 3M Credit to Enhance Global Food Trade

Maalexi Secures USD 3M Credit to Enhance Global Food Trade
Image Source: Maalexi
  • Maalexi, a US-based dynamic risk management platform announced that it has secured a $3 million debt financing facility from Citi.
  • This milestone supports Maalexi’s mission to enhance global food security by simplifying cross-border agricultural trade. 

U.S.-based Maalexi recently secured a $3 million credit facility from one of the world’s largest banks, Citi. This major move was to transform agricultural trade and support global food security. 

Maalexi is a dynamic risk management platform and it moved to the UAE through its Hub71 program, helping small and medium-sized agricultural companies mitigate operational risks.

Supporting Global Food Security

The financial boost empowers the risk management platform to support small and medium-sized enterprises (SMEs) in agriculture while navigating complexities. 

The credit strengthens Maalexi’s market position by enhancing its liquidity and, thus, its purchasing capabilities. 

The platform continually invests capital in developing technology and collecting valuable data from direct sourcing operations. This helps Maalexi reduce risk and improve efficiency across the food supply chain.

Maalexi is currently working under difficult circumstances, and its efforts come at a critical time. Reports suggest that 2024 has been the warmest year on record, making the need for resilient food supply chains increasingly crucial. 

Gulf Cooperation Council (GCC) countries, which rely on imports for 85% of their food needs, face growing challenges in ensuring stable food supplies. Meanwhile, U.S. SMEs often struggle to connect with buyers in the region, despite leading global food exports.

Shaping Agri-Trade Innovation

The credit will enable Maalexi to increase its procurement from U.S. exporters and further invest in its AI-powered platform. 

This technology mitigates operational risk and helps reduce food waste, which is a significant issue in the $2 trillion global food trade. An estimated 15% of the value of produce is typically lost between farm and retail. 

This follows Maalexi’s rapid operational and financial progress since its pre-Series A funding in January 2024. The company has achieved notable revenue growth of approximately 50%, as well as transaction volumes of about 20%, year-on-year as of December 2024. It has also improved gross margins.

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