Warning: Undefined variable $dd_override_start_anchor_id in /home/manuelte/public_html/wp-content/plugins/digg-digg/digg-digg.php on line 351
Warning: Undefined variable $dd_override_top_offset in /home/manuelte/public_html/wp-content/plugins/digg-digg/digg-digg.php on line 352
WILMINGTON, Delaware – Maalexi Inc. closed a pre-seed round on 30-Sep-21, to fund their customer acquisition and team building. The investors in this pre-seed round are composed of “highly acclaimed, experienced and well networked C-suite individuals”, representing sectors like Banking, Technology, Food & Agriculture, Shipping & Logistics, and Manufacturing, which are closely aligned with Maalexi’s business model.
Founded in 2021, Maalexi is an end-to-end cross-border platform that helps with wholesale import and finance of Food & Agriculture products. It helps SME buyers and sellers who find it complex to directly connect and execute transactions internationally.
This funding will be used to grow and reach 3 million importers across Europe, India and Africa, as well as expand its offerings to them, addressing the inefficiencies and complexities in cross-border trade worth $676 billion.
Azam Pasha, CEO and Co-Founder of Maalexi, stated that “Our aim is to continuously remove pain-points in cross-border trade by adding modern technologies like Hedera Hashgraph’s Distributed Ledger Technology for securing transactions, and standardizing complex processes. We plan to use this funding to build a stronger sales and technology team and acquire new customers.”
Maalexi has products from 15 countries, worth $12.5M, and 460 listings from 35+ brands. They have also built partnerships with DHL & UPS for logistics; Cotecna Inspection for inspections; Escrow.com & Tazapay for payments; and Drip Capital & Stenn for trade finance.
Maalexi’s USP is that it makes complex B2B transactions faster, cheaper, and safer. Suppliers on the platform currently offer globally renowned brands like Nestlé, PepsiCo, Red Bull and The Kraft Heinz Company, as well as agriculture raw materials directly listed by small food producer organizations and cooperatives.