Agora Data announced the appointment of Sharon Mancero as Managing Director. [Photo: Agora Data]
Agora Data, an Arlington-based fintech company that provides technology, capital and guidance with “predictable lending performance” and analytics to the subprime auto industry, has appointed Sharon Mancero as managing director. .
Mansello brings deep industry experience to his role at Agora, leveraging Agora’s assets and auto finance talent to optimize the portfolios and balance sheets of small and medium-sized institutions, including banks, credit unions, and financial companies. We support the implementation of strategic initiatives to
CEO Steve Burke praised Mancero’s “incredible background and experience” and said she “quickly identifies revenue opportunities” that will help banks, credit unions and financial companies “maximize their growth potential.” ” He pointed out that it could be done.
The CEO said her “deep industry knowledge and undisputed background in capital markets” make her the ideal professional to help financial institutions with “attractive financing options that foster stability and growth.” he added.
According to Agora, Mr. Mancero worked at Wells Fargo for more than 30 years, including 20 years in the asset-backed finance group, which provides senior financing facilities to consumer finance companies in the United States and Canada.
At Wells Fargo, he was responsible for market and business development, building strategic relationships with national brands and developing new lending channels and programs for consumer financial assets.
According to Agora, Mr. Mancero served on the board for more than 10 years as vice chairman and chairman of the National Automobile Finance Association (NAF) and vice chairman and chairman of the American Financial Services Association (AFSA).
Mr. Mancero expressed his desire to work with small and medium-sized financial institutions to “develop complementary strategies that improve their portfolios and balance sheets” as Agora grows as an “innovative auto finance powerhouse.” He noted that financial institutions will benefit from Agora’s “broad range of financing solutions,” including streamlining portfolio transactions, reducing capital investment in internal operations, and providing exit strategies to free up capital.
Mr. Mancero added, “I am excited to be a part of Agora’s evolution as a highly innovative company and look forward to playing my part in positively transforming the automotive industry.” .
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