Small and medium-sized businesses (SMBs) in the food and agriculture sector face significant challenges when it comes to cross-border trade and finance. These businesses often lack access to the necessary trade finance and struggle with the trade risks associated with cross-border transactions. Maalexi, a Delaware-based startup, aims to address these challenges through its blockchain-enabled ecosystem. The platform provides SMBs with trade risk mitigation and trade finance, under one secure full-stack platform.
Trade Risk Mitigation
One of the biggest challenges faced by SMBs in the food and agriculture sector is trade risk. Maalexi provides trade risk mitigation services to its users, which include SMBs and financial institutions. The platform mitigates six critical risks in cross-border trade: counterparty, legal, quality and quantity, documentary, delivery, and payment or credit. By mitigating these risks, Maalexi helps SMBs to engage in cross-border trade with confidence, and financial institutions to lend to these businesses without the fear of default.
Real-time Data
Maalexi provides real-time data to its users, including financial institutions. This data is acquired close to the point of origin, making it more relevant and reliable. The platform’s use of blockchain technology ensures that the data is secure and tamper-proof, providing increased trust between trading users and financial institutions. The data is also analyzed using proprietary processes, which are reinforced by AI and ML tools. This analysis provides additional insights that help SMBs and financial institutions make informed decisions about cross-border trade and finance.
Trade Finance
Maalexi provides trade finance options to SMBs through its platform. This is a crucial service, as SMBs often lack access to the necessary finance to engage in cross-border trade. The platform’s built-in blockchain-based traceability and security, seamless risk mitigation, and embedded trade finance options make it easier for SMBs to access the finance they need to grow their businesses.
Conclusion
Maalexi is a blockchain-enabled ecosystem that is helping small food and agri-businesses to access cross-border trade and finance. By providing trade risk mitigation, real-time data, and trade finance options, the platform is empowering SMBs to engage in cross-border trade with confidence. Maalexi’s use of blockchain technology ensures that the data is secure and tamper-proof, providing increased trust between trading users and financial institutions. The platform’s services are crucial to enhancing the sustainability of food supply chains and fulfilling the mission to strengthen global food security.
Website: https://www.maalexi.com/
LinkedIn: https://www.linkedin.com/company/maalexi
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