AVANA Companies Expands Global Reach with New Services in Saudi Arabia
Under the Ezdaher brand, AVANA will provide its new small business lending platform, LendThrive â¢, as well as an alternative investment marketplace for individual investors called EqualSeat â¢. AVANA Companies had its regional CCG headquarters in Bahrain over the past 13 years with additional offices in India and The Philippines. The company recently recruited five new employees and leased additional office space at Bahrain with the intention of hiring at least 12 new people between Bahrain and KSA in the next 6 to 12 months.
âAVANA Companies is pleased to continue its global expansion with the mission of providing ESG lending and investment opportunities to those in the Middle East, as well as new products and services in the market, âsaid Sundip patel, CEO of AVANA companies.
Patel spends half of his time at Bahrain and oversee the expansion in the region with the Commercial Director, Andris Rozenbahs. Rozenbahs is based at Bahrain and brings a wealth of knowledge and more than 10 years of experience in the FinTech start-up environment, having previously founded several companies in the space.
“I am very happy to be a leader in the growth of AVANA companies in Saudi Arabia and Bahrain and we look forward to helping launch Ezdaher’s LendThrive â¢ and EqualSeat â¢ as a standout FinTech product with an underlying mission and a commitment to building stronger communities in this region, âsaid Rozenbahs.
Rozenbahs will oversee the two Ezdaher units, LendThrive â¢ and EqualSeat â¢, to ensure that they follow AVANA’s mission to be ESG (environment, social and governance) focused FinTech platforms that positively contribute to the social and environmental impact.
LendThrive â¢, a new online lending platform designed to help small businesses that meet ESG standards, supports business owners with its rate reduction rewards program and helps them thrive while boosting local economies . LendThrive â¢ focuses on underserved businesses in industries such as hospitality, construction and renewable energy.
EqualSeat â¢, which began beta testing in 2021, is an investment marketplace with ESG investment opportunities that provides retail investors with fractional access to institutional grade commercial debt investments.
While other global financial companies may have struggled during the pandemic, AVANA was able to remain strong for its employees without demotions or pay cuts. They were able to hire additional labor and continued to add more services, while other businesses were forced to shut down. AVANA Companies recently completed two acquisitions – Extensia Financial, focused on credit unions and an FDIC bank in Texas, United States.
About AVANA companies
With $ 1.3 billion AUM globally, AVANA Family of Companies (AVANA) is dedicated to boosting local economies and contributing to the development of clean energy globally. Founded in 2002 by brothers Sundip and Sanat Patel, it is a family of ESG lending and investment platforms serving entrepreneurs and investors. AVANA ESG loans are made through AVANA Capital, Prosperity Loan â¢, and Extensia Financial and ESG investments via AVANA Fund and Equal seatMT. The company’s goal is to empower small businesses by providing them with ESG-focused loans and investment opportunities that have impact, are society-focused, and preserve wealth. AVANA has its headquarters in both Arizona and Kingdom of Bahrain and serves small business owners and investors through United States and globally. AVANA invests in the communities it serves, creating jobs, stimulating economic growth and contributing to sustainable projects. AVANA was recently named to the 2021 Inc. 5000 list of America’s fastest growing private companies. AVANA Capital, LLC is authorized to California, United States under license number DBO 603K752 and in Arizona, United States under license number CBK 0921662. For more information, visit www.avanacompanies.com or follow AVANA Companies on LinkedIn.
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