UAE-based agri-fintech startup Maalexi has raised $2.8 million in an oversubscribed funding round led by Saudi-listed insurer Tawuniya, with participation from Global Ventures, as the company positions for its Series A.
Founded in 2021 by Azam Pasha and Rohit Majhi, Maalexi develops an AI-, IoT-, and blockchain-powered agricultural trade platform that verifies commodities, manages risk, and enables transparent cross-border trading and settlement across the UAE, Saudi Arabia, India, and Europe.
Maalexi will use the investment to expand its regulated exchange infrastructure, aiming to improve transparency, standardisation, and efficiency in global agricultural commodity trading through tokenised real-world assets.
In August 2025, Maalexi secured a shariah-compliant credit facility of up to $20 million from Amwal Capital Partner.
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