The Business Year Abu Dhabi 2023 Interview with LIQUiDITY Group Co-Founder and CEO Ron Daniel
Ron Daniel
CEO & Co-Founder, Liquidity Group
BIO
Ron Daniel is the co-founder and CEO of Liquidity Group, a USD3-billion asset manager and technology company. Backed by leading financial institutions such as Mitsubishi UFJ Financial Group (MUFG), Apollo Global Management, Spark Capital and Meitav Dash, he recently became the first Israeli entrepreneur to open a full-fledged R&D center in Abu Dhabi in partnership with the Abu Dhabi Investment Office’s Innovation Program. Daniel has founded and managed technology and subscription-based companies for the last 20 years across Israel, San Francisco, and London.
Liquidity Group was established in 2018 as a credit-oriented fintech platform. What is your business model and objective?
First and foremost, Liquidity is a new breed of financial lending institution that is built on top of a skeleton of entrepreneurship—that is a first. Traditional financial institutions in the world were built on top of asset management and are only now attempting to bolt technology on top of it. We are doing exactly the opposite by using technology that leads to financial management. As a result, we are growing at 500% year after year, and technology is the key.
What is the critical criteria for the selection process?
Today, we are investing in different companies in about 65 countries. We have invested in Australia, Indonesia, India, the US, and Europe. We are a big believer in the MENA region with the UAE, and Abu Dhabi, at the heart of it. We have also done business in Saudi Arabia. Our main target market is companies that have generated revenue for at least two years. We typically provide checks to companies of USD10-100 million.
Liquidity Group has established an R&D center in Abu Dhabi. What are the main reasons behind Abu Dhabi being one of the prime centers for the group?
First, as an Israeli, I am running a global company that has offices all over the world. I see the Emirate as the most favorable place both as an Israeli and financial leader. The ability to bring talent from all over the world is great, and many people are eager to live here. The quality of life is high, and education is of a high standard, so it is a great place to relocate top employees from all over the world. It is a great location to build an R&D center. Next to Israel, which is the best place to open an R&D center to develop intellectual property, this is the next best place in regard to international talent. I find the UAE to be a place where everyone is satisfied.