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Agora Partners with Westlake

By Staff Writer September 23, 2020

Agora Data Inc., a finance solution provider of predictive loan technology, announced the successful collaboration between Agora and Westlake Portfolio Management, a subsidiary of Westlake Technology Holdings, in which Agora supports buy-here, pay-here auto dealers with low-interest funding through the capital markets and WPM provides added operational efficiencies. This pioneering approach is the first-of-its-kind and solidifies Agora’s mission to provide BHPH dealers with industry knowledge and financial solutions to help them reach their goals, reduce risk, and grow their business.

“Agora’s partnership with WPM has made it possible to take on a very ambitious goal that will change the future of the auto industry,” said Steve Burke, CEO, Agora Data. “After years in the making, we are celebrating this important milestone. Streamlining diverse portfolios, aligning compliance and managing through the complexities, together we will successfully achieve what was considered unattainable in the financial community. With this historic accomplishment, we look forward to providing BHPH dealers access to lower-cost capital and the freedom to dream big.”

Leveraging Westlake’s cutting-edge technology and 30+ years of auto loan servicing experience, WPM will handle all back-end operations, including customer service, collections, titles administration, repossessions, and remarketing.

“We are pleased to be a part of this monumental achievement for this special group of entrepreneurs and help bridge the financing gap by providing access to lower cost of funds and expanding capacity to sell more cars,” said Ian Anderson, group president, Westlake Technology Holdings.

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Last modified on Wednesday, 23 September 2020 12:57

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