Maalexi, a UAE-based fintech company revolutionizing cross-border trade for the agriculture sector, has secured a crucial $1 million venture debt investment from Stride Ventures.

This marks a milestone for both companies – Maalexi gaining a strategic financial boost and Stride Ventures making their first venture debt foray into the promising GCC region.

Established in 2021 by Dr. Azam Pasha and Rohit Majhi, Maalexi empowers small and medium-sized enterprises (SMEs) in the food and agriculture industries to tap into the global market with confidence.

Their innovative platform tackles a major pain point – the complexities and risks associated with cross-border trade. Maalexi's dynamic risk management system equips SMEs with the necessary tools, including digital contracts, AI-powered inspections, and secure blockchain documentation.

This empowers them to source food supplies from international producers and exporters faster, cheaper, and with greater peace of mind.

The $1 million investment from Stride Ventures serves as a significant growth catalyst for Maalexi. Dr. Pasha, the company's CEO, has outlined plans to leverage the funds to strengthen their user acquisition efforts and scale their operations.

A key area of focus will be the deployment of cutting-edge technological solutions to optimize the movement of goods through their network of local and international warehouses and carriers.

This focus on streamlining logistics will further mitigate the inherent risks associated with international trade, ensuring a smoother flow of essential food products.

But the benefits extend beyond immediate operational improvements. The capital injection positions Maalexi strategically to secure further debt financing in the future.

This additional financial muscle will empower them to expand their reach and services, ultimately contributing to bolstering food security across the UAE and the broader GCC region.

For Stride Ventures, the Maalexi investment aligns perfectly with their mission to champion innovation in emerging markets. Apoorva Sharma, Managing Partner at Stride Ventures, highlighted Maalexi's use of technology to disrupt the $3 trillion global food trade as a key factor in their decision.

This collaboration not only strengthens Stride Ventures' presence within Hub71, Abu Dhabi's thriving tech hub, but also underscores their growing influence as a global investor with a keen eye for high-growth companies in developing economies.

By empowering Maalexi, Stride Ventures is not just making a financial bet, but also investing in a future where secure and efficient cross-border food trade empowers businesses and fosters regional food security.