Agora Data announced on Tuesday that it has closed a $12 million transaction for Road Auto Finance, an indirect auto finance company.

The capital solutions and advanced performance analytics provider for the subprime to non-prime market called the development a “forward-thinking transaction.” Agora said the deal with Road Auto Finance combines traditional refinancing structures with ongoing forward-flow arrangements.

Agora also said the development proves how finance companies can shift into an expansion mode by leveraging capital access and advanced analytics powered by artificial intelligence (AI) and machine learning (ML) technology.

“Agora is a dependable strategic partner offering Road Auto Finance a distinct advantage through cutting-edge technology and comprehensive capital resources for us to serve both independent and franchise dealers better,” Road Auto Finance owner Adam Kaminsky said in a news release from Agora.

“Agora’s seamless liquidity solutions and responsive support have quickly and significantly increased our credit capacity, enabling us to meet our expanding capital requirements and accelerate growth plans,” Kaminsky continued.

Agora’s Financial Institutions Group supports independent consumer finance companies, banks, credit unions, investment firms, insurance companies, and other entities by offering these institutions the capital necessary for portfolio growth, enhanced efficiencies and increased profitability.

“Agora fills a significant void for companies with less than $250 million auto loan portfolios. We provide consumer finance companies with the borrowing power up to $100 million without personal guarantees or diluting ownership with equity raises,” said Sharon Mancero, managing director and group head of Financial Institutions Group at Agora Data.

“Our collaborative approach equips businesses with the resources they need to secure funding, improve portfolio results, and leverage a wide range of growth solutions to expand their operations and increase profitability safely,” continued Mancero, who is among the executives scheduled to appear on stage during Used Car Week, which begins on Nov. 18 in Scottsdale, Ariz.