Agora Data, an Arlington-based fintech that provides technology, capital, and guidance with “predictable loan performance” and analytics for the subprime automotive industry, has appointed Sharon Mancero as managing director.
Mancero brings deep industry experience to her role at Agora and will help introduce strategic initiatives that best leverage Agora’s assets and auto financing talents to optimize portfolios and balances sheets for small to mid-sized institutions including banks, credit unions, and finance companies, the company said.
CEO Steve Burke praised Mancero’s “remarkable background and experience,” noting that she can “quickly identify revenue opportunities” to help banks, credit unions, and finance companies “maximize their growth potential.”
The CEO added that her “deep industry knowledge and indisputable background in capital markets” make her the ideal expert to assist financial institutions with “compelling financing options that promote stability and growth.”
Mancero spent more than three decades at Wells Fargo
Mancero spent more than 30 years at Wells Fargo, 20 of which were in the Asset-Backed Finance group providing senior lending facilities to consumer finance companies in the U.S. and Canada, Agora said.
At Wells Fargo, she was responsible for market and business development, building strategic relationships with national brands, and developed new lending channels and programs for consumer finance assets.
Agora said that for more than a decade, Mancero served in board positions as vice president and president for National Automotive Finance Association and vice chair and chairperson of American Financial Services Association.
Mancero expressed her eagerness to work with small to mid-sized institutions “to develop complementing strategies that will improve portfolios and balance sheets” as Agora grows as “an innovative auto finance powerhouse.” She noted that financial institutions will benefit from Agora’s “wide range of financing solutions,” such as streamlining portfolio transactions, reducing capital investment for in-house operations, and providing exit strategies to free up capital.
“I’m excited to be a part of Agora’s evolution as a highly innovative company and look forward to doing my part to positively transform the auto industry,” Mancero added.
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