Agora Data Launches New Division to Serve Subprime Financial Institutions
Slice of Finance Team
10/17/2024
Key Highlights:
- Agora Data launches the Financial Institutions Group to support subprime and non-prime finance companies.
- Division provides capital solutions and AI-driven underwriting tools for portfolio growth.
- Focuses on offering off-balance sheet, non-recourse credit facilities to financial institutions.
- Empowers banks, credit unions, and investment firms with innovative financing options.
Source: PR Newswire
Quotes
“ “Agora Data has recognized the need to level the playing field for consumer finance companies by providing them with the technology and capital to regain their competitive edge.” ”
Sharon Mancero, Managing Director, Group Head – Financial Institutions Group at Agora Data
Our Take:
Agora Data’s creation of the Financial Institutions Group marks a significant step in empowering subprime and non-prime financial institutions. By blending advanced AI and ML technology with flexible capital options, Agora helps banks, credit unions, and finance companies overcome traditional financial barriers. Their innovative off-balance sheet solutions enable growth without the need for equity raises or restrictive covenants, positioning Agora Data as a key player in transforming the subprime market’s financial landscape.
