Welcome to our dedicated page for Pagaya Technologies Ltd. news (Ticker: PGY), a resource for investors and traders seeking the latest updates and insights on Pagaya Technologies Ltd. stock.
Pagaya Technologies Ltd (PGY) is a fintech innovator leveraging machine learning to transform credit analysis and lending infrastructure. This dedicated news hub provides investors and industry professionals with essential updates on PGY's AI-driven solutions, strategic partnerships, and market developments.
Access real-time announcements including quarterly earnings, product innovations, and leadership changes. Our curated collection ensures you stay informed about PGY's API integrations, risk management advancements, and contributions to the evolving credit ecosystem.
Key updates across multiple categories: financial results, technology patents, regulatory compliance milestones, and partnership expansions with financial institutions. Bookmark this page for streamlined access to PGY's latest machine learning applications in credit decisioning and data-driven lending solutions.
Pagaya Technologies (NASDAQ: PGY) is set to announce its first quarter 2023 earnings on May 16, 2023. A conference call will take place on the same day at 8:30 a.m. ET. Investors can find registration details and dial-in information on Pagaya's IR website. Pagaya, a global technology company, utilizes machine learning and an extensive data network to offer innovative financial services and products, particularly in consumer credit and residential real estate. The company aims to provide greater access to financial services through its advanced API and capital solutions, greatly enhancing user experiences across its partner network.
Pagaya Technologies LTD. (NASDAQ: PGY) announced a $75 million investment from Oak HC/FT in convertible perpetual preferred securities. The conversion price of $1.25 represents a 36% premium over the closing price as of April 19, 2023. This funding aims to bolster Pagaya's growth and enable strategic acquisitions, enhancing its AI-driven financial services platform. The company also reported strong performance in Q1 2023, expecting to meet or surpass guidance for Network Volume, Revenue, and Adjusted EBITDA. Year-to-date, Pagaya raised approximately $2.0 billion in asset-backed securitizations. CEO Gal Krubiner emphasized the importance of pursuing M&A opportunities in the current market to drive long-term value.
Pagaya Technologies Ltd. (NASDAQ: PGY) reinforces its partnership with GIC, a leading global institutional investor, extending their funding agreement for an additional three years. This strategic collaboration aims to enhance Pagaya's ability to provide AI-driven financial solutions. GIC has also increased its stake in Pagaya to approximately 9% of its Class A shares as of March 31, 2023. The partnership underscores GIC's confidence in Pagaya's innovative business model, particularly in a challenging market environment. Pagaya leverages advanced AI and analytics to offer comprehensive consumer credit and real estate solutions, positioning itself for long-term value creation for its investors.
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