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Pagaya Technologies Ltd.

Pagaya Technologies Ltd., a product-focused technology company, deploys data science and proprietary artificial intelligence-powered technology for financial services, their customers, and institutional or sophisticated investors in the United States, Israel, and the Cayman Islands. The company offers Decline Monetization, the flagship product which allows Partners to automatically send rejected loan applications to its network, as well as approve customers they would otherwise decline; Dual Look which allows to assess applications concurrently with its Partners in real time; and First Look that routes designated segments of loan applications to the network for evaluation.It also provides Affiliate Optimizer Engine, a customer acquisition tool which enables Partners to originate loans through third-party affiliate channels; Direct Marketing Engine, that utilizes data network to help Partners target and acquire new customers through direct channels; and FastPass which accelerates the transaction process. Its partners include financial technology companies, incumbent banks and financial institutions, auto finance providers, and residential real estate service providers. The company was founded in 2016 and is headquartered in New York, New York.

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Pagaya upsizes personal loan ABS deal to $900 million

Pagaya Technologies closed an upsized $900 million AAA-rated personal loan ABS transaction, its largest deal since 2022. The offering drew 37 investors, including four new to the company's ABS platform and five new to its PAID shelf. This upsized transaction pushed Pagaya's year-to-date personal loan ABS issuance to a record $4.7 billion and total 2026 issuance to a record $7.5 billion. Shares fell 2.28%.
Seeking Alpha·30dRead more ▾
PGY

Pagaya closes upsized $800 million AAA personal loan ABS deal

Pagaya Technologies closed an upsized $800 million AAA-rated personal loan ABS transaction named PAID 2026-4, drawing 39 unique investors. The deal brings the company's year-to-date personal loan ABS issuance to nearly $4 billion and marks its third upsized personal loan ABS transaction this year. Total issuance since 2018 now stands at $40 billion across 91 ABS deals backed by more than 165 institutional investors. Collateral for the latest deal included personal loans from new network partners Upstart and Achieve.
Insider Monkey·67dRead more ▾