Agora Data now has more financial fuel to maintain its energetic pace of providing independent dealers and finance companies precision performance analytics and access to ample, affordable capital.

The fintech company announced this week that it closed a $100 million revolving credit facility with Credit Suisse Group AG.

This latest transaction facility allows Agora Data to accelerate and expand its ability to deliver efficient capital to contract originators who offer in-house financing solutions for non-prime vehicle buyers.

“This $100 million credit facility adds to Agora’s other capital strategies and is the latest of many strategic steps that support the expansion of our core mission to provide highly accurate loan performance data and low-cost capital to auto dealers who serve the non-prime buyer,” Agora Data CEO Steve Burke said.

The new $100 million credit facility marks another milestone in Agora Data’s growth trajectory.

The company closed its first crowdsourced auto securitization in late 2020, ushering in a new way to provide independent dealers access to capital markets financing.

Since then, Agora Data has closed multiple crowdsourced securitizations using its proprietary artificial intelligence and machine learning algorithms.

With patent-pending modeling, Agora Data can aggregate independent dealers and finance companies with portfolios ranging from $100,000 to more than $60 million into a single securitization.

“Access to fair, competitively priced capital has been a challenge for auto dealers that offer in-house financing across the U.S.,” the company said. Before Agora, dealers were highly reliant on financing with high-interest rates, restrictions, and personal guarantees.

“Agora Data provides auto dealers with competitive and abundant financing and resources, such as advanced AI/ML modeling, that helps them construct their loan portfolios with high predictability and improved performance,” the company went on to say. “This transformative fintech approach enables auto dealers to safely grow their business and offer improved lending terms to non-prime customers.”