Agora Data’s Jim Bass on the “Importance of Positive Cash Flow”
As Seen in BHPH Dealer Magazine – February 2022
As Seen in BHPH Dealer Magazine – February 2022
Article reprinted from Thrive Global Original publication date: January 24, 2021. Author: Jason Hartman, Author | Speaker | Financial Guru | Podcast Rockstar As a part of our series about business leaders who are shaking things up in their industry, I had the pleasure of interviewing Steve Burke. “Being a disruptor can be remarkable. But you have …
Steve Burke – Being a Disruptor can be Remarkable Read More »
By Kevin Cummings – NTX Inno Staff Writer Agora Data says it is “making history” with its “radical” AI. The Arlington-based SaaS company, which focuses on the auto finance industry, capped off 2020 with what it says is the first-ever crowdsourced auto securitization. And this year, it announced the launch of a new tool that provides underbanked …
Agora Data Using A.I. to Bring Auto Loans to Capital Markets Read More »
Article reprinted from Refinitiv Original publication date: February 2, 2021 Author: Richard Leong Fintech firm Agora Data is preparing to debut a sub-prime auto ABS in the 144a market later this year after it closed a privately placed securitization in December. The privately-held company, which was founded in 2017, matches “buy here, pay here” auto …
Article reprinted from Authority MagazineOriginal publication date: January 24, 2021. Author: Jason Hartman As a part of our series about business leaders who are shaking things up in their industry, I had the pleasure of interviewing Steve Burke. “Being a disruptor can be remarkable. But you have to be willing and able to evolve. Two perfect …
The Three Things You Need to Shake Up Your Industry Read More »
(ARLINGTON, Texas, January 06, 2021) Agora Data, Inc. announced the successful closing on December 29, 2020, of the first-ever crowdsourced auto securitization. This revolutionary development to the world of structured finance represents a quantum leap for Buy Here Pay Here dealers and smaller finance companies and their access to capital markets funding. Through its use …
Agora Data Closes Breakthrough Crowdsourced Auto Securitization Read More »
Your biggest asset is your BHPH portfolio, and running a finance company is a complicated endeavor. I know it is challenging, because I have managed sub-prime auto finance companies. One thing for sure, there is no training manual for doing this successfully, so I thought I would share a comparison of the BHPH finance company …
Discussing collection strategies with our BHPH members on Agora something I really enjoy, because there are unchanging realities that affect all of us: Customers will drive 25,000 miles or more a year, because it is the primary, functioning car in the household (or neighborhood). Oil changes and maintenance never cross the customers’ minds. Loan default …
There has only been a slight increase in BHPH delinquency or recency over the past two months, and Agora has been closely monitoring these trends and scratching our heads. Our colleagues in the GPS industry gave us some insights to understand this. They shared that BHPH customers were still driving their pre-pandemic mileage. Bam! The …
My oh my, this COVID-19 virus thing is not a good thing. It’s not good. It’s bad for business. It’s also been a bad thing for our personal lives. Hopefully, you and your family have fared well through this crisis. Now, what to do? While I suspected that BHPH delinquency would go up from the …
COVID-19, the C.A.R.E.S. Act, and BHPH Dealer Liquidity Read More »