#United States #Agora Data #Powersports #Model Finance #Arlington, Texas

Agora Data Expands into Powersports Sector

Agora Data, a prominent player in the consumer fintech landscape, has made its first significant stride into the powersports financing field with a recent $12 million transaction. This move is expected to open new avenues for growth and expansion within this specialized consumer finance sector.

The transaction involves Model Finance Company, known for its long-standing history of providing financing solutions for a variety of powersport vehicles including motorcycles, ATVs, and personal watercraft. The President of Model Finance, John Cox, expressed his enthusiasm for partnering with Agora, highlighting how this collaboration not only offers a reliable source of capital but also incorporates advanced technological solutions to drive portfolio growth. By refinancing from a national bank, Model Finance is now better positioned to meet the needs of its dealers and customers.

With this entry into the powersports financing market, Agora Data aims to fill a gap that has been left by traditional lenders. As many have retreated from this complex asset class, Agora sees a significant opportunity to deliver capital and innovative technology to support independent and franchise dealers in the powersports market. The Managing Director of Agora, Sharon Mancero, described this transaction as an exciting opportunity, noting the company's commitment to harnessing the latest technology to enhance financial solutions in this industry.

For over five decades, Model Finance has specialized in offering financing solutions across the powersport spectrum, making it a trusted partner in the business. The collaboration with Agora promises to fortify Model Finance's capabilities by providing necessary capital and financial tools to extend lending options for customers looking to purchase powersport vehicles.

In addition to enhancing financing mechanics, Agora Data is renowned for optimizing portfolio performance through data-driven risk analytics powered by artificial intelligence (AI). By offering innovative and scalable solutions, Agora empowers a broad range of finance entities—including independent loan originators, banks, credit unions, and insurance providers—to grow their portfolios effectively.

Agora's history in the automotive sector is already commendable, marked by milestones such as being the first company to close a crowdsourced non-prime auto securitization in 2020. The latest transaction underscores its commitment to revolutionizing financing for underserved markets.

With its innovative approach combining capital access with actionable data insights, Agora Data is set to change the financing landscape not just for powersports but for various sectors within consumer finance. As it continues to evolve, stakeholders in the finance community will undoubtedly be watching this expansion attentively, eager to see how Agora leverages its expertise to reshape financing possibilities for consumers in the powersports industry.