UAE-based B2B food and agri-trade platform Maalexi has secured a shariah-compliant credit facility of up to $20 million from Amwal Capital Partners. The agreement kicks off with an initial $5 million tranche, with further disbursements tied to expansion milestones.
Founded in 2021 by Dr. Azam Pasha and Rohit Majhi, Maalexi connects small food and agricultural SMEs to cross-border trade by offering risk-mitigated solutions, such as AI-driven risk intelligence, digital contracts, IoT traceability, and blockchain-secured documentation.
The company previously secured $1 million in venture debt from Stride Ventures in July 2024, the Indian venture capital firm’s first such deal in the GCC. In January 2025, Maalexi also secured a $3 million debt facility from Citi, aimed at expanding its sourcing operations and supply chain capabilities.
“This facility is more than capital; it is a catalyst to enhance our capabilities and help us build resilient and intelligent food supply chains driven by speed, transparency, and trust,” said CEO Dr. Azam Pasha, underscoring its importance for deploying core technology across the UAE, Saudi Arabia, and the wider GCC.
Sharif Eid, Head of Private Credit at Amwal Capital Partners, described Maalexi’s model as “a new benchmark for de-risking and scaling agri-trade,” while CIO Fadi Arbid emphasised ACP’s focus on “providing disruptive and non-traditional asset-backed capital in sectors critical to the region’s resilience.”
With the UAE importing nearly $24 billion in food annually, 80% of which is re-exported regionally, Maalexi aims to elevate the role of SMEs within the food supply chain, turning them into stabilising agents for food security
