Agora Data – a fintech company focused on empowering car dealers with finance company-level strength while maintaining their existing processes – announced additional funding capacity from Waterfall Asset Management for up to $100 million. This new mezzanine line of credit advances Agora’s ability to support and expand participation from both independent and franchise auto dealers.
Agora’s goal is to empower any car dealer to operate with the strength of a finance company without altering their current process. And using advanced AI modeling and innovative structures, dealerships, like large national dealer groups, generate added loan profit revenue. Agora’s capital program seamlessly integrates with the existing F&I process, making it easy for dealerships to enhance their bottom line significantly.
KEY QUOTES:
“This added capital from Waterfall Asset Management further strengthens our ability to serve more auto dealers and preserve equity to grow our operations. We continue to provide unparalleled access to capital markets and flexibility to fund non-prime retail installment contracts. The transaction with Waterfall is another example of our commitment to delivering valuable resources and transforming the automotive finance landscape.”
– Chris Hawke, CFO of Agora Data
“We are excited to partner with Agora, a rising leader in the auto fintech industry. We commend Agora’s pro-active approach in offering specialized financing strategies, enabling independent and franchise auto dealers to leverage innovation and enhance their non-prime funding capacity.”
– Chris Bigos, Managing Director at Waterfall Asset Management
