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Agora Data Launches New Division to Serve Subprime Financial Institutions

Author

Slice of Finance Team
17 Oct

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

Notable Quotes:

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“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
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"We take pride in delivering strategies that fuel mutual growth and success. By expanding services, sharing resources, and opening new market opportunities, we are transforming the industry."

Steve Burke, CEO 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.