Abu Dhabi, UAE—Liquidity Group, a FinTech company, became the first Israeli firm to join the $545 million Abu Dhabi Investment Office (ADIO) Innovation Programme.
The partnership will support Liquidity Group’s establishment of an R&D centre in Abu Dhabi to develop its proprietary technology-enabled underwriting algorithm and other financial solutions.
Liquidity Group is a pioneering technology firm that has become the industry’s fastest growing lender to mid-market, late-stage companies by automating the entire debt lending cycle.
The firm’s patented machine learning and decision science technology has enabled the firm to deploy more capital through more deals faster than any firm in capital markets history.
ADIO has awarded Liquidity Group competitive financial incentives and will support the company with non-financial incentives throughout the partnership.
Through the Innovation Programme, ADIO will support Liquidity Group in initiatives that build Machine Learning capabilities in Abu Dhabi. The company’s R&D centre will focus on developing its Machine Learning-enabled LendTech solutions for its underwriting business.
It will also build a Centre of Excellence of Enterprise Machine Learning that supports other startups within Abu Dhabi in applying Liquidity Group’s modelling methodologies. Additionally, it will engage with Abu Dhabi-based universities to develop educational training programmes and certifications focused on Machine Learning
The partnership agreement was signed by Abdulla Abdul Aziz Al Shamsi, Acting Director-General of ADIO, and Ron Daniel, CEO of Liquidity Group, during Abu Dhabi Finance Week (ADFW) 2022.
Al Shamsi said, “With a focus on locally relevant and globally exportable solutions, the technology developed in the emirate will help to support startups in Abu Dhabi and the region. ADIO’s partnership with Liquidity Group also serves to deepen the relationship between the UAE and Israel, as the two markets pursue innovation-driven technologies and activities with far-reaching impact.”
For his part, Ron Daniel stated, “Beyond the personal excitement of fulfilling the Abraham Accords in real life and growing networks, friendships and partnerships in the UAE, I have always believed that the UAE and ADGM, in particular, are the best places in the world to scale tech companies.”