At AVANA Companies, we’ve always believed that private credit is most powerful when it’s paired with purpose. Today, that belief is taking concrete form across two of the most dynamic economies in the world: Saudi Arabia and India.
We’re proud to announce new partnerships and regulatory milestones that deepen our global footprint, expand our credit infrastructure, and amplify our ability to support the businesses that power real economic growth.
A New Chapter in Saudi Arabia: Strategic Partnerships Aligned with Vision 2030
Our expansion into the Kingdom of Saudi Arabia reflects both market opportunity and mission alignment. The Kingdom is undergoing a profound transformation, driven by tourism, infrastructure, and SME growth. As a private credit platform focused on asset-backed and cash-flow-lending strategies, we see an extraordinary opportunity to contribute to this momentum.
AVANA’s KSA deployment, Ezdaher Financing Company, has signed a non-binding MoU with SEDCO Capital, one of the Kingdom’s leading investment managers. The partnership aims to deploy $15 million* initially, with a total target of $100 million, into Sharia-compliant private credit solutions. The capital will be directed toward Saudi-based SMEs, a critical segment underpinning the country’s long-term economic vision.
In parallel, we’ve entered into a separate MoU with IHG Hotels to co-invest in midscale and select-service hotels across the Kingdom. This aligns with the government’s ambitious tourism goals and leverages AVANA’s proven ability to structure hospitality-focused capital solutions.
Final licensing for Ezdaher from the Saudi Central Bank (SCB) is in progress. While the timing of regulatory approvals remains at the discretion of the authorities, these partnerships position us to move quickly once all conditions are met.
India: Scaling Credit for MSMEs and Commercial Real Estate
While we deepen our Saudi strategy, AVANA is also gaining ground in India, a market where the need for flexible, non-bank capital is both urgent and systemic.
We’re pleased to share that AVANA has secured a Non-Banking Financial Company (NBFC) license in India. LendThrive Finance Pvt Ltd, under the AVANA umbrella, has been granted a valid Certificate of Registration (No. N-13.02526) by the Reserve Bank of India* under Section 45-IA of the RBI Act, dated 8th July 2025.
This milestone allows us to originate loans directly to micro, small, and medium enterprises (MSMEs) as well as fund commercial real estate projects—two sectors with strong fundamentals and chronic undercapitalization.
The NBFC platform is a critical enabler in our mission to fill credit gaps with discipline, speed, and scale. It also reinforces our belief that global relevance in private credit comes not just from capital raised, but from capital deployed—smartly, locally, and sustainably.
A Word from Sundip Patel, CEO and Co-Founder, AVANA Companies
“The global expansion of AVANA Companies, particularly in high-growth geographies like India and KSA, is about more than capital. It’s about scaling proven solutions to millions of SMEs, the real backbone of these economies. These are the businesses that drive employment, innovation, and infrastructure. We’re proud to back them with the credit they need to grow.”
Looking Ahead: Platforms with Purpose
These developments mark more than geographic expansion: they reflect our belief that private credit, when structured well, can catalyze economic transformation. Whether it’s helping a hospitality group expand in Riyadh or enabling a manufacturer in Gujarat to secure working capital, we’re focused on impact at scale.
We welcome institutional partners who share our vision to join us in building the next generation of private credit - region by region, and business by business.
Disclaimer: LendThrive Finance Pvt Ltd is having a valid Certificate of Registration no.N-13.02526 dated 8th July 2025 issued by Reserve Bank of India under Section 45IA of the Reserve Bank of India Act, 1934. However, the Reserve Bank of India does not accept any responsibility or guarantee about the present position as to the financial soundness of the company or for the correctness of any of the statements or representations made or opinions expressed by the company and for the repayment of deposits / discharge of liabilities by the company. Neither there is any provision in law to keep, nor does the company keep any part of the deposits with the Reserve Bank of India and by issuing a Certificate of Registration to the company, the Reserve Bank of India, neither accepts any responsibility nor guarantees the payments of deposits to any depositor or any person who has lent any sum to the company.
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