Agora Data now has more resources to empower any dealer to operate with the strength of a finance company without altering their current process.

On Tuesday, the fintech company announced additional funding capacity from Waterfall Asset Management for up to $100 million. Executives said this new mezzanine line of credit boosts Agora’s ability to support and expand participation from both independent and franchised dealers.

“This added capital from Waterfall Asset Management further strengthens our ability to serve more auto dealers and preserve equity to grow our operations,” Agora Data CFO Chris Hawke said in a news release. “We continue to provide unparalleled access to capital markets and flexibility to fund non-prime retail installment contracts.

“The transaction with Waterfall is another example of our commitment to delivering valuable resources and transforming the automotive finance landscape,” Hawke added.

Chris Bigos is managing director at Waterfall Asset Management.

“We are excited to partner with Agora, a rising leader in the auto fintech industry,” Bigos said. “We commend Agora’s pro-active approach in offering specialized financing strategies, enabling independent and franchise auto dealers to leverage innovation and enhance their non-prime funding capacity.”