Dubai, UAE - April 25, 2024 - Maalexi, a UAE-based risk management platform designed for small and medium-sized enterprises (SMEs) in the agricultural sector, announced a strategic partnership with Etihad Credit Insurance (ECI), the UAE's federal export credit company. This collaboration aims to bolster the UAE's agri-trade ecosystem by mitigating credit risks for SME buyers and importers.
Through this partnership, Maalexi will leverage ECI's comprehensive suite of trade credit solutions and services. This will empower SME agri-buyers to procure food supplies more securely and efficiently across 70 products and 27 countries. The collaboration focuses on three key areas:
- Credit Risk Mitigation: By mitigating credit risks associated with international trade, the partnership aims to give SME buyers and importers the confidence to engage in more cross-border transactions.
- Trade Ecosystem Transformation: The combined expertise of Maalexi's risk management platform and ECI's trade credit solutions promise to streamline and transform the UAE's agri-trade landscape.
- SME Growth and Market Access: By facilitating safer and more accessible trade opportunities, the partnership aims to empower SMEs to expand their market reach and contribute to the UAE's economic growth.
Maalexi's platform streamlines cross-border transactions in the agricultural sector, promoting safe, fast, and cost-effective trade. This, coupled with ECI's trade credit solutions, is expected to strengthen regional food security by ensuring a more reliable and efficient supply chain for essential food products.