Customise Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorised as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyse the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customised advertisements based on the pages you visited previously and to analyse the effectiveness of the ad campaigns.

No cookies to display.

Search
Close this search box.

Agora Data Fuels United Consumer Finance with Innovative Funding

Agora Data Fuels United Consumer Finance with Innovative Funding

Agora Data, a leading consumer fintech company delivering cutting-edge technology, capital solutions, and robust loan performance analytics for the subprime to non-prime market, recently completed a $24 million transaction for United Consumer Finance, an indirect auto finance company that is aligning strategic resources for future growth. This innovative funding solution combines traditional refinancing structures with forward-flow arrangements, illustrating how finance companies can leverage access to capital and advanced AI-driven analytics to expand operations and increase profitability.

“Agora is a trusted strategic partner equipping United Consumer Finance with innovative technology and comprehensive capital resources that enhance our ability to serve our network of auto dealers,” said Scott Strazdes. “Their innovative liquidity solutions and exceptional support have expanded our credit capacity, enabling us to meet growth targets, boost profitability, and build a strong foundation for the future.”

Fintech News: Red Matter Capital Launches OpenAI for Finance

“Agora Data’s commitment is to enhance support for the consumer finance industry by offering innovative financing solutions tailored to meet the unique needs of companies with loan portfolios under $250 million,” said Sharon Mancero. “Through our inventive and strategic approach, financial institutions can seize new opportunities and increase their borrowing capacity by up to $100 million without the need for personal guarantees or equity dilution. We help businesses leverage access to capital and technology to enhance portfolio performance and attain sustainable growth.”

Agora Data enables consumer finance companies to fully utilize structured finance and AI-powered solutions. Financial institutions can broaden their activities without additional equity or tight financial agreements by using streamlined liquidity options. By supplying the required capital, Agora Data’s Financial Institutions Group supports independent consumer finance companies, banks, credit unions, investment firms, insurance providers, and other organizations in advancing portfolio growth, refining operational efficiency, and elevating profitability.

Fintech News: 6lock Launches Secured Payments Platform for Private Equity Firms

Source – prnewswire

To share your insights with the FinTech Newsroom, please write to us at news@intentamplify.com

Share With
Contact Us