UAE-based agri-fintech startup Maalexi has closed a $2.8 million oversubscribed funding round. The investment was led by Saudi-listed insurer Tawuniya, with continued participation from UAE-based venture capital firm Global Ventures, as the company prepares for its Series A.
Quick Facts
- Raised $2.8 million in an oversubscribed funding round.
- Led by Saudi-listed insurer Tawuniya.
- Building a regulated real-world asset (RWA) agricultural exchange.
Building a Regulated Exchange on a Proven Foundation
Maalexi plans to use the new capital to expand the infrastructure for its Maalexi Agricultural Assets Token Exchange (MAATEX), which it describes as the world’s first regulated exchange for tokenized real-world agricultural assets. The company aims to solve long-standing issues in cross-border agricultural trade, which has historically been fragmented, difficult to verify, and non-standardised.
Over 36 months of live operations across the UAE, Saudi Arabia, India, and the United States, Maalexi has built a verification and risk management layer for physical trade. This has resulted in over 4,000 smart contracts executed and recorded on the Avalanche L1 blockchain, a 70% repeat customer rate, and three patents published with the USPTO.
“This round marks an important milestone for Maalexi,” said Dr. Azam Pasha, co-founder and CEO of Maalexi. “Over the past three years, we have shown that physical agricultural trade can be verified, standardised and executed with lower risk. We are now building the exchange layer on top of that foundation.”
Saudi Investor Backs a Disciplined, Risk-Focused Platform
The investment from Tawuniya signals growing institutional interest from Saudi Arabia in platforms designed to strengthen financial infrastructure and market stability. Maalexi’s model, which connects physical commodity trading with digital asset technology, was a key factor in securing the investment.
“At Tawuniya, we back businesses that strengthen financial infrastructure and improve market resilience,” said Fahad Bin Muammar, chief investment officer of Tawuniya. “Maalexi has built a disciplined, risk-focused platform that connects physical agricultural trade with emerging digital asset infrastructure. We believe its regulated exchange model can improve transparency, efficiency and market access across global agricultural trade.”
This latest funding follows a shariah-compliant credit facility of up to $20 million that Maalexi secured from Amwal Capital Partner in August 2025.
About Maalexi
Founded in 2021 by Azam Pasha and Rohit Majhi, Maalexi is developing an AI-, IoT-, and blockchain-powered agricultural trade platform. The company verifies commodities, manages risk, and enables transparent cross-border trading and settlement. It currently operates across the UAE, Saudi Arabia, India, and Europe.
Source: Wamda
