Agora Data, Inc. Launches New Program for Small to Mid-Sized Finance Companies

Agora Data, Inc. Launches New Program to Support Small to Mid-Sized Finance Companies

ARLINGTON, Texas, June 11, 2024 /PRNewswire/ — Agora Data, Inc., a fintech company specializing in technology, capital, and guidance for loan performance and analytics, has introduced a new program tailored to meet the needs of small to mid-sized finance companies. This innovative program combines traditional bulk transactions with ongoing flow arrangements.

To mark the launch of the new program, Agora Data has successfully completed the inaugural funding of a $35 million transaction with additional follow-on capacity of $100 million for Freeway Funding, Inc. This strategic financing capability provides consumer finance companies like Freeway Funding with seamless liquidity and the ability to accelerate their growth plans.

David Rabin, CEO and President of Freeway Funding, Inc., expressed his gratitude for Agora’s support, stating, “Agora is a trusted strategic partner, providing Freeway Funding a competitive advantage through advanced technology and robust capital resources. Its support has significantly increased our credit capacity, enabling us to meet our expanding capital requirements now and in the future.”

Sharon Mancero, Managing Director of Agora Data, highlighted the company’s commitment to fostering growth for small to mid-tier auto finance companies, stating, “It’s a pleasure to collaborate with forward-thinking finance companies that seek innovative funding solutions and business improvements. Agora is dedicated to providing financial solutions that enhance the ability of these businesses to serve independent and franchise dealers and boost profitability.”

Agora Data’s unique approach provides access to capital markets without relinquishing ownership. By offering off-balance sheet non-recourse credit facilities, without the need for personal guarantees, Agora enables finance companies to receive $100 million in new capital and access the capital markets, fostering business expansion and financial stability.

Freeway Funding, Inc., a privately held consumer finance company specializing in non-prime retail installment contracts, has been committed to delivering flexible, dealer-centric consumer automobile loans since 2013. For more information about Freeway Funding, visit www.freewayfunding.com or call (805) 981-2200 x286.

Agora Data, Inc. is revolutionizing financing for car dealers and finance companies in the automotive industry. Car dealerships can secure affordable capital, obtain actionable loan performance data, and access a range of solutions to grow their business safely. For more information about AgoraCapital for finance companies, visit www.agoradata.com/agoracapital-finco or contact 1-877-592-4672.

Press Contact: Shelly Vandeven, 1-877-592-4672, https://agoradata.com

SOURCE Agora Data, Inc.