Agora Data Revolutionizes Retail Auto at NADA 2024 Dealers Seamlessly Build a Non-Prime Loan Portfolio and Elevate Profitability
ARLINGTON, TX
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December 19, 2023 08:06 AM Eastern Standard Time
Agora Data, Inc., a fintech company transforming automotive financing for U.S. car dealerships by offering abundant, low-cost capital with precision loan performance data and analytics, will be attending and exhibiting at the National Automotive Dealer Association (NADA) Show. NADA 2024 is February 1-4 in Las Vegas at the Las Vegas Convention Center. Agora® will be present throughout the conference and at booth #6705N near the North Hall entrance.
“Agora continues to expand our auto finance capabilities to help any car dealer build a revenue-generating non-prime auto loan portfolio by keeping customers in their ecosystem instead of passing the relationship and profits over to a bank,” said Brett Beebe, CRO of Agora Data. “Our innovative fintech approach generates additional revenue streams from auto loan payments, increasing profits beyond car sales and service departments.”
Agora Data is revolutionizing the non-prime auto industry by offering capital and predictable performance of non-prime loans using advanced modeling and artificial intelligence (AI) to optimize loan portfolios and minimize risks. With Agora’s turnkey resources, including capital funding, legal structures, compliance, loan servicing, and technology efficiencies, a dealership can seamlessly and quickly build its non-prime auto loan portfolio. Dealers can easily improve portfolio performance by realizing revenue from the gross profit on cars and services and financing profit on loans.
In December 2020, Agora Data made auto industry history by completing the first-ever crowdsourced non-prime auto securitization. This milestone achievement and succeeding private financing and other funding strategies provide auto dealers direct access to ample capital with favorable terms to help fuel their business. The company’s diversified capital financing resources open doors for car dealers to confidently gain access to a whole other consumer segment previously underserved.
About Agora Data, Inc.
Agora Data, Inc. is an automotive industry fintech revolutionizing financing for car dealers and finance companies. Car dealerships can secure affordable capital to build their own non-prime captive finance portfolio, obtain actionable loan performance data to support their lending portfolios and use a wide range of solutions to grow their business safely. Powered by patent pending artificial intelligence (AI) and machine learning technology, car dealers can access real-time data analytics and planning resources to help optimize the performance of their portfolios. For more information, visit www.agoradata.com or contact us at 1-877-592-4672.
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Shelly Vandeven
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