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Today: May 8, 2024
January 9, 2024
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Funding Boost: Maalexi Secures $3M Investment for Global Agribusiness

TLDR: Maalexi, a cross-border trade platform for small agribusinesses, has raised $3 million in a Pre-Series A funding round. The company plans to use the funds to enhance its technology, acquire new customers, and develop digital solutions that address risk in trade for its users. The platform aims to promote financial inclusion and connect small agribusinesses with the cross-border food trade. The funding round was led by venture capital firm Global Ventures, which praised Maalexi for revolutionizing the exchange of agricultural products using AI-driven risk management tools.

Small agribusinesses often face trade risks and limited access to finance, but they make up 90% of the global sector. However, they only control 30% of the global cross-border food trade market. Maalexi aims to enhance efficiency and productivity in supply chains and empower small agribusinesses through its platform. This funding round comes at a time when other companies in the agriculture sector, such as Bushel and Silo Technologies, have also secured significant investments to develop digital platforms that connect farmers and agribusinesses.

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