Sparta Commercial Services' Agoge Global USA Doubles Lending Capacity to $2 Million, Strengthening First-Mover Position in Brazil's $278 Billion Import Market
Sparta Commercial Services (OTCQB:SRCO) announced that its subsidiary, Agoge Global USA, has doubled its lending capacity to $2 million through its EZBroker360 platform, which serves Brazil's $277.6 billion import market. The platform provides staged financing and automated payment solutions for Brazilian importers.
The company's solution reduces customs clearance time from 20 business days to approximately 8 days, targeting loans under $500,000 with durations under 180 days. Agoge aims to reach $100 million in annual transaction volume, focusing on high-volume sectors including automobiles, textiles, machinery, vehicle components, wines, and specialty goods.
Sparta Commercial Services (OTCQB:SRCO) ha annunciato che la sua controllata, Agoge Global USA, ha raddoppiato la capacità di prestito a $2 milioni tramite la piattaforma EZBroker360, che serve il mercato delle importazioni brasiliano da $277,6 miliardi. La piattaforma offre finanziamenti a tappe e soluzioni di pagamento automatizzate per gli importatori brasiliani.
La soluzione dell’azienda riduce i tempi di sdoganamento da 20 giorni lavorativi a circa 8, rivolgendosi a prestiti inferiori a $500.000 con durate sotto i 180 giorni. Agoge punta a raggiungere $100 milioni di volume transato annuo, concentrandosi su settori ad alto volume come automobili, tessile, macchinari, componenti per veicoli, vini e prodotti speciali.
Sparta Commercial Services (OTCQB:SRCO) anunció que su filial, Agoge Global USA, duplicó su capacidad de préstamo hasta $2 millones a través de la plataforma EZBroker360, que atiende al mercado de importaciones de Brasil por $277.6 mil millones. La plataforma ofrece financiamiento escalonado y soluciones de pago automatizadas para importadores brasileños.
La solución de la compañía reduce el tiempo de despacho aduanero de 20 días hábiles a aproximadamente 8, enfocándose en préstamos inferiores a $500,000 con plazos menores a 180 días. Agoge pretende alcanzar $100 millones en volumen anual de transacciones, centrada en sectores de alto volumen como automóviles, textiles, maquinaria, componentes de vehículos, vinos y productos especiales.
Sparta Commercial Services (OTCQB:SRCO)는 자회사 Agoge Global USA가 브라질의 $2,776억 규모 수입 시장을 대상으로 하는 EZBroker360 플랫폼을 통해 대출 한도를 $200만으로 두 배 확대했다고 발표했습니다. 이 플랫폼은 브라질 수입업체를 위한 단계별 금융과 자동 결제 솔루션을 제공합니다.
회사의 솔루션은 통관 시간을 영업일 20일에서 약 8일로 단축하며, $50만 미만의 대출을 기간 180일 미만으로 목표로 합니다. Agoge는 연간 거래액 $1억 달성을 목표로 자동차, 섬유, 기계, 차량 부품, 와인 및 특수품 등 물량이 많은 분야에 주력합니다.
Sparta Commercial Services (OTCQB:SRCO) a annoncé que sa filiale Agoge Global USA a doublé sa capacité de prêt à 2 M$ via la plateforme EZBroker360, qui dessert le marché brésilien des importations de 277,6 Mds$. La plateforme propose des financements échelonnés et des solutions de paiement automatisées pour les importateurs brésiliens.
La solution de la société réduit les délais de dédouanement de 20 jours ouvrés à environ 8, en visant des prêts inférieurs à 500 000 $ d’une durée inférieure à 180 jours. Agoge ambitionne d’atteindre 100 M$ de volume de transactions annuelles, en ciblant des secteurs à fort volume tels que l’automobile, le textile, la mécanique, les composants automobiles, les vins et les produits spécialisés.
Sparta Commercial Services (OTCQB:SRCO) gab bekannt, dass seine Tochtergesellschaft Agoge Global USA die Kreditkapazität über die EZBroker360-Plattform auf $2 Millionen verdoppelt hat. Die Plattform bedient Brasiliens $277,6 Milliarden Importmarkt und bietet gestaffelte Finanzierungen sowie automatisierte Zahlungslösungen für brasilianische Importeure.
Die Lösung des Unternehmens verkürzt die Zollabfertigungszeit von 20 Werktagen auf etwa 8 und zielt auf Kredite unter $500.000 mit Laufzeiten unter 180 Tagen ab. Agoge strebt ein jährliches Transaktionsvolumen von $100 Millionen an und fokussiert sich auf volumenstarke Sektoren wie Automobile, Textilien, Maschinen, Fahrzeugkomponenten, Weine und Spezialwaren.
- Doubled lending capacity from $1M to $2M, demonstrating rapid growth and market validation
- First-mover advantage in Brazil's $277.6B import market with proprietary technology
- Reduced customs clearance time by 60% (from 20 to 8 business days)
- Multiple clients completed full loan cycles with increasing transaction volumes
- Growing backlog of qualified prospects awaiting onboarding
- Current $2M lending capacity is still minimal compared to $100M annual transaction volume target
- Limited to loans under $500,000, restricting larger transaction opportunities
Rapid growth from
NEW YORK, NY / ACCESS Newswire / August 20, 2025 / Sparta Commercial Services, Inc. ("Sparta" or the "Company") (OTCQB:SRCO), a fintech and private credit solutions provider with diversified operations in financial services, e-commerce & mobile technology, and health and wellness, today announced that its subsidiary, Agoge Global USA, Inc. ("Agoge"), in partnership with WeDev Group Ltda. of Brazil, has doubled its lending capacity to
This acceleration reflects robust demand for Agoge's proprietary EZBroker360 platform, which provides staged financing and automated payment solutions for Brazilian importers in a market where total imports reached
"Reaching
Since launch, the platform has been tested, validated, and fully automated, with multiple corporate clients completing full loan cycles. Early adopters have increased their transaction volume, referred new clients, and contributed to a growing backlog of qualified prospects awaiting onboarding. The Company is evaluating opportunities to expand lending capacity rapidly in response to strong client demand, targeting
Agoge's lending activity targets loans under
Eduardo Ribeiro, CEO of WeDev Group Ltda., added, "The market response has been exceptional. Our clients tell us that the combination of staged private credit and our automated, compliance-first platform is unlike anything else available to them. This rapid increase in capacity reflects both the scalability of our technology and the trust we're earning in the market."
About Sparta Commercial Services, Inc.
Sparta Commercial Services, Inc. (www.spartacommercial.com), founded in 2004 and headquartered in New York City, is a fintech company operating across three business segments: Financial Services, E-Commerce & Mobile Technology, and Health and Wellness. Its subsidiaries include Agoge Global USA, Inc., which provides staged financing and compliance solutions for cross-border trade; iMobile Solutions, Inc., a provider of mobile application development, website design, e-commerce solutions, and vehicle history reports; New World Health Brands, Inc., which offers a line of high-quality wellness supplements; and Sparta Crypto, Inc., which develops cryptocurrency payment and transaction solutions. The Company's diversified business model supports growth through innovation, strategic partnerships, and market-driven technology solutions.
About Agoge Global USA, Inc.
Agoge Global USA, Inc., a subsidiary of Sparta Commercial Services, Inc., provides finance, facilitation, and communications services within the import/export sector, focusing on underserved markets. Agoge's proprietary platform automates compliance, invoicing, and settlement processes, enabling Brazilian importers to access private credit and streamline global trade transactions. For more information, visit www.agogeglobalusa.com.
About WeDev Group Ltda.
WeDev Group Ltda. is a Brazilian innovator focused on disrupting traditional standards through new business models that drive efficiency, compliance, and growth.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements are valid only as of today, and we disclaim any obligation to update this information. Actual results may differ significantly from management's expectations. These forward-looking statements involve risks and uncertainties that include, among others, risks related to potential future losses, competition, financing and commercial agreements and strategic alliances, seasonality, possible fluctuations in operating results and rate of growth, management of potential growth, system interruption, consumer and industry trends, limited operating history, and government regulation. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by the Company or any other person that the objectives and plans of the Company will be achieved. Further information regarding these and other risks is described from time to time in the Company's filings with the SEC, which are available on its website at: www.sec.gov.
CONTACT:
Crescendo Communications, LLC
Tel: (212) 671-1020
Email: srco@crescendo-ir.com
SOURCE: Sparta Commercial Services, Inc.
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