Agora Data Closes Its Second Crowdsourced Securitization | News Direct

Agora Data Closes Its Second Crowdsourced Securitization

facebook icon linkedin icon twitter icon pinterest icon email icon ARLINGTON, Texas | June 02, 2021 09:03 AM Eastern Daylight Time

Agora Data, Inc., today announced the successful closing of its second crowdsourced securitization, ACAST 2021-1, on May 27, 2021. With the closing of this second transaction, the AgoraCapital program has provided 40 Buy Here Pay Here auto dealers and finance companies with nearly $200 million in subprime auto loans access to efficient, capital markets financing. The ACAST 2021-1 closing marks an important continuation of Agora’s revolutionary developments in the world of structured finance.

“Our AgoraCapital program helps subprime originators proactively plan for the future. It levels the playing field by enabling dealers to borrow more money at a lower cost without the restrictions of other lending sources,” said Steve Burke, CEO of Agora Data. Burke continued, “There is simply no other affordable and abundant capital for a dealer to safely triple in size without giving up control or equity in its business.”

By participating in an Agora crowdsourced securitization, subprime auto entrepreneurs can now gain access to the capital markets like the large dealer groups and institutions have with low-cost capital to maximize their financial leverage and significantly grow their businesses. Unlike traditional lending sources, not only does Agora provide the needed capital for growth but also helps dealers grow safely. Before Agora’s proprietary data-driven technology and innovative approach, BHPH dealers and small finance companies were unable to access the capital markets and abundant low-cost capital as only senior lenders and larger institutions received the more favorable lending terms.

“Our first transaction in December 2020 was groundbreaking. However, in many ways, this second deal is even more significant as it solidifies that AgoraCapital and our ability to deliver for the dealer community is here to stay. Agora is well into its mission to revolutionize how dealers borrow money,” said Chris Hawke, Agora Data’s Chief Revenue Officer.

Agora is passionate about revolutionizing the auto industry with innovative financial solutions. The company closed its first-ever crowdsourced auto securitization on December 29, 2020. The second transaction, ACAST 2021-1 is further proof of concept with each planned securitization becoming routine for the dealers. Buy Here Pay Here dealers and subprime originators of all sizes are gaining unprecedented access to the capital markets with a lower cost of funds along with other positive business transformation benefits.

About Agora Data, Inc: Founded in 2017, Agora Data’s mission is to provide access to capital for Buy Here Pay Here dealers and small to mid-sized finance companies. Pioneered by Agora Data, AgoraCapital and AgoraCredit provide a new funding channel so small to mid-sized dealers can obtain all the cash they need to fuel growth. Agora’s proprietary, radical, AI-infused technology connects dealers and finance companies with the capital markets. For capital market stakeholders, AgoraTrade and AgoraCapital provide an opportunity to participate in a time-tested asset class previously not available. Agora Data made history by closing the first-ever Crowdsourced Subprime Auto Securitization on December 29, 2020. For more information, visit or contact us at 877-592-4672.

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