Maalexi secures USD 20 mn credit facility to support SMEs
The agri-trade fintech will scale its solutions in the UAE and Saudi Arabia
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The agri-trade fintech will scale its solutions in the UAE and Saudi Arabia
The funding will help it scale its presence in North America
Mubadala and Dubai Future District Fund joined the round
The company plans to expand into MENA, Southeast Asia, and Europe with locally tuned models
The company plans to launch Saudi operations later this year and has lined up partnerships in France and the US
The funds will be used for expansionary purposes
The funds will support international expansion and licensing efforts
The funding round was co-led by Shorooq Partners and Cherry Ventures, and saw participation from e& and Mubadala
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