Abu dhabi: Hub71 startup, Maalexi, an Abu Dhabi-based agricultural trade technology company has signed a strategic alliance agreement with RXIL Global IFSC Limited (RXIL Global), an International Trade Financing Services (ITFS) platform regulated by the International Financial Services Centres Authority (IFSCA) in India. The alliance aims to improve access to trade finance for cross-border agricultural transactions involving Indian exporters, particularly small and medium-sized enterprises (SMEs).
According to Emirates News Agency, by combining Maalexi's trade execution capabilities and supply chain network with RXIL Global's financing platform, the two companies will explore opportunities to facilitate financing for eligible agricultural trade transactions in accordance with applicable regulatory requirements. Azam Pasha, Chief Executive Officer, Maalexi Inc. stated that Maalexi was founded on the belief that agricultural SMEs deserve the same quality of trade infrastructure and financing access as large multinationals.
This partnership represents a significant step towards realizing that belief. Maalexi has established a physical presence through warehouses, verified supply chains, and standardized trade records across the GCC, Europe, and India. Connecting this infrastructure to a regulated institutional financing marketplace represents the next logical step, executed with the necessary rigor and compliance discipline.
The collaboration brings together Maalexi's agricultural trade execution capabilities, which include supplier and buyer verification, trade data management, logistics coordination, warehousing, and digital asset representation across commodity supply chains, with RXIL Global's financing workflows. This enables financial institutions to independently assess receivables and inventory-backed transactions for financing opportunities, with all financing decisions remaining at the discretion of participating financial institutions.
Ganesh Nalawade, Chief Executive Officer, RXIL Global, noted that the alliance merges complementary capabilities to improve trade finance access for agricultural exporters. By connecting verified trade transactions with a network of regulated financing providers, the partnership aims to enhance efficiency, transparency, and participation in cross-border trade.