Award-Winning Expansion
Avana Group, a global fintech specializing in business financing, has launched its platform www.Ezdaher.sa in Saudi Arabia. This platform focuses on Sharia-compliant financing for the hospitality sector. The initial phase includes a direct foreign investment of 22 million SAR to support hospitality and SMEs.
With 22 years of global financing experience, especially in commercial real estate and hospitality, Avana has been recognized with the “Best Real Estate Investment Platform” award at the 2024 Fintech Breakthrough Awards. This accolade places Avana alongside industry giants like Moody’s, Experian, and Coinbase.
CEO and Founder Sandeep Patel expressed pride in receiving the award, highlighting the company’s innovation over the past two decades in boosting the U.S. economy and job creation. He also shared excitement about the new venture in Saudi Arabia, aligning with Vision 2030.
Ezdaher aims to bridge a $250 billion financing gap and support the development of 310,000 hotel rooms by 2030, in line with Saudi Arabia’s Vision 2030 goals for entrepreneurship and business growth.
An initial investment of $6 million has already been made through Ezdaher. This is just the beginning of more ambitious projects under Vision 2030.
Ezdaher offers a specialized fintech ecosystem in Saudi Arabia, leveraging Avana’s extensive experience. Avana has financed over $6.4 billion in projects and created over 5,500 jobs, supporting renowned hotel brands like Hilton, Marriott, and IHG.
Led by investor and founder Sandeep Patel, with over 30 years of investment and financing experience, including 18 years in the Middle East, Avana is well-positioned for success.
About Ezdaher Financing:
Ezdaher is a Sharia-compliant fintech platform specializing in SME financing in Saudi Arabia. It provides quick financing for franchise hotel projects and supply chain companies, addressing the $250 billion financing gap in the country.
With over 22 years of experience, Avana has financed major hotel brands like IHG, Accor, and Hilton, leveraging its award-winning ecosystem.
Currently registered with the Ministry of Commerce and preliminarily approved by the Saudi Central Bank, Ezdaher is in the final stages of approval. Its app will soon be available on Android and iOS.
About Avana Group:
Founded in 2002 by brothers Sandeep and Sanat Patel, Avana Group drives local economies and sustainable energy development in the U.S. through various investment platforms supporting entrepreneurs and investors.
Avana’s mission is to empower U.S. small businesses with impactful, socially-directed commercial real estate loans. The company offers secure, real estate-backed investment opportunities managed by qualified experts.
Headquartered in Arizona, Avana serves small business owners and investors across the U.S., Saudi Arabia, and Bahrain, contributing to job creation, economic growth, and sustainable projects. Avana was listed in the Inc. 5000 for America’s fastest-growing private companies in 2021.
