Agora Data secured what it called a “milestone accomplishment” toward strengthening its position in the multi-billion-dollar public capital markets.

The fintech innovator of advanced capital solutions in subprime and non-prime consumer finance on Tuesday announced the successful completion of its first rated asset-backed securitization — a $112 million transaction.

Agora said the 144A auto loan securitization opens new liquidity sources to scale operations and drives continuing success for its clients.

Management explained this recent transaction increases Agora’s lending capacity to more than $1 billion annually and represents the latest component to Agora’s multi–channel funding strategy that is supported by Agora’s proprietary artificial intelligence-driven loan performance analytics.

Building on the success of four prior private securitizations, Agora highlighted its entry into rated, publicly traded capital markets enables more loan originators and lenders to access vital funding.

Agora chief financial officer and chief legal officer Chris Hawke said all these securitization achievements align with Agora’s mission to empower smarter, more profitable loan originations while championing responsible lending.

“This rated securitization supports our diversified funding strategy and taps into a $500 billion market, connecting us with investors to help fuel exponential growth opportunities,” Hawke said,

“Agora’s unique strategy of ‘alignment of interest’ with loan originators resonated well with investors, as evidenced by the fact that the deal was highly oversubscribed with investor demand far exceeding the offering size and is a testament to the power of Agora,” Hawke went on to say.