Liquidity Capital, the global fintech and debt management company, and Dubai-based YAS Investments today announced a joint venture agreement to set up a USD 100m venture finance fund, YAS Liquidity Fund, in Abu Dhabi Global Markets. The sector-agnostic fund will focus on providing minimal-dilutive growth financing options to tech companies operating in the MENA region.

“Innovation is booming in the Middle East right now, but venture finance has historically not been open to technology businesses in the region. This means start-ups always had to trade equity to fund growth, which is a very expensive form of capital,” said Ron Daniel, CEO and Founder of Liquidity Capital. “We’re excited to be partnering with YAS Investments, together we can lead the charge to build a financial ecosystem for the region that will support tech innovation, attract highly skilled workers and help these promising companies expand globally.”

Liquidity Capital’s pioneering technology platform reimagines the underwriting process as well as the way businesses access financing. It combines advanced machine learning and data analytics to offer financing to companies based on their historical data as well as the future growth with the terms tailored to its needs.

“We see fantastic opportunities to invest in cutting-edge businesses throughout the entire MENA region,” said Yagub Yousef Alserkal, Founder and CEO of YAS Investments. “We are delighted to partner with Liquidity Capital – a firm which brings together their incredibly powerful advanced predictive technology and global track record of deploying globally about USD 450m in high-profile start-ups such as E-Toro.”

“This combined with our deep understanding of the region and track record will allow start-ups to access alternative forms of financing,” added Sachhyam Regmi, Partner at YAS Investments.