Agora Data Adds $400M In Funding Capacity
Summary
ARLINGTON, TX, Agora Data has added nearly $400 Million in new funding capacity from numerous new and repeat equity investors. Combined with additional transactions that closed in late 2023, these capital raises and commitments result in $400 Million in funding capacity to support Agoras dealer partners. Car dealerships can secure affordable capital to build their own non-prime captive finance company, obtain actionable loan performance data to improve their lending portfolios, and use a wide range of solutions to grow their business safely. Powered by patent pending artificial intelligence (AI) and machine learning technology, car dealers can access real-time data analytics and planning resources to help optimize the performance of their portfolios. Agora Data made history by closing the first-ever crowdsourced non-prime auto securitization in 2020 and continues to bring groundbreaking financing solutions to an underserved market.