Agora Data closes industry-first crowdsourced securitization

© Can Stock Photo / Kurhan

Agora Data has closed the industry’s first-ever crowdsourced auto securitization, backed by loans originated from buy-here, pay-here lenders and dealers. The deal, which was an unrated private placement clocking in at under $100 million, served as a proof of concept for the company’s new crowdsourced securitization structure, Agora Chief Executive Steve Burke told Auto Finance […]

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