Agora Data offers a capital program and financing solutions that seamlessly integrate with dealerships' existing F&I process to help dealers generate added loan profit revenue. The company leverages advanced AI modeling and innovative structures to enable independent and franchise dealers to enhance funding for non-prime retail installment contracts. Agora announced additional funding capacity intended to expand participation from both independent and franchise auto dealers. Management says the new capital will help preserve equity, grow operations, and provide flexibility and access to capital markets. The program is designed to improve dealers' bottom lines without requiring changes to their current processes. Agora Data offers a turnkey captive finance solution that uses advanced AI modeling and unique funding structures to provide capital, analytics, and operational guidance to multi-point auto dealerships. The company’s program is designed so dealers can retain customers and capture financing revenue without changing their existing finance and insurance (F&I) process. This year Agora closed three transactions that added nearly $200 million in new funding capacity from numerous new and repeat equity investors, a revolving asset-backed credit facility, and a corporate debt facility. Combined with transactions closed late last year, those commitments result in $400 million in total funding capacity to support its dealer partners. Agora positions this capital to help independent and franchise auto dealers build and grow non-prime portfolios and operate like large national dealer groups. Company leadership says the expanded capacity will enable faster support for dealer demand and accelerate growth of its offerings.

Total raised

$300M

Funding rounds

4

Latest round

Debt Financing

Latest activity

Sep 2024