Pagaya Closes 100th Asset-Backed Securitization with New $650 Million Auto ABS Deal

Five new investors joined Pagaya’s RPM securitization program in a transaction with 35 unique investors participating.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

• Landmark 100th ABS transaction brings Pagaya’s lifetime issuance to over $44 billion across asset classes

NEW YORK--(BUSINESS WIRE)-- Pagaya Technologies Ltd. (NASDAQ: PGY) (“Pagaya”), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced the closing of RPM 2026-5, a $650 million asset-backed securitization backed by auto loans. This landmark transaction represents Pagaya's 100th ABS deal since the Company's first securitization in 2018.

Since 2018, Pagaya has raised over $44 billion to fund loan originations across multiple asset classes, including personal loans, auto loans and point-of-sale loans. The Company continues to demonstrate its market leadership as the primary ABS issuer of consumer unsecured loans in the U.S., with a diversified investor base and strong demand for its securitizations.

“Closing our 100th ABS transaction is a testament to the trust our institutional partners place in Pagaya's platform,” said Gal Krubiner, Co-Founder and Chief Executive Officer of Pagaya. “Over the last eight years, we have intentionally built a robust capital engine powered by long-term committed capital and diversified funding sources. This foundation allows us to scale with our lending partners while continuing to offer premier investors access to high-performing, AI-underwritten consumer assets.”

Thirty-five unique investors participated, including five new investors to Pagaya’s RPM shelf. The deal brings Pagaya’s total issuance this year to over $10 billion and its lifetime ABS issuance to over $44 billion.

For future updates on Pagaya’s ABS issuance, please visit Pagaya’s Capital Markets page or Investor Website.

About Pagaya Technologies

Pagaya (NASDAQ: PGY) is a global technology company making life-changing financial products and services available to more people nationwide, as it reshapes the financial services ecosystem. By using machine learning, a vast data network and an AI-driven approach, Pagaya provides consumer credit and other products for its partners, their customers, and investors. Its proprietary API and capital solutions integrate into its network of partners to deliver seamless user experiences and greater access to the mainstream economy. For more information, visit pagaya.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20261012073893/en/

Pagaya Contacts

Investors & Analysts
ir@pagaya.com

Media & Press
press@pagaya.com

Source: Pagaya Technologies Ltd.

Key Terms

asset-backed securitization financial

Asset-backed securitization is a process where a financial institution pools together a group of assets—such as loans or receivables—and converts them into a security that can be sold to investors. This allows the original lender to raise funds quickly, while investors gain access to a stream of payments derived from the underlying assets. It’s similar to bundling multiple small income sources into a single investment, providing both liquidity for lenders and investment opportunities for others.