Business
Pagaya Announces New $500 Million Personal Loan ABS Transaction, Underscoring Strong Demand
Eighth PAID deal of 2025 highlights investor confidence in Pagaya’s platform and performance across consumer markets Over $8 billion of capital commitments
About this update from Pagaya Technologies Ltd.
[{"type":"text","content":"\n\nEighth PAID deal of 2025 highlights investor confidence in Pagaya’s platform and performance across consumer markets\n\n\nOver $8 billion of capital commitments raised year-to-date to fund all asset classes across Pagaya’s ABS programs\n\n\n NEW YORK--(BUSINESS WIRE)--\nPagaya Technologies LTD. (NASDAQ: PGY) (“Pagaya” or “the Company”), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced the closing of PAID 2025-8, a $500 million asset-backed securitization (ABS) backed by consumer loans originated on the Pagaya network. The AAA-rated transaction brings Pagaya’s total amount raised via ABS to fund personal loans year-to-date to approximately $5.4 billion.\n\nThis is the eighth fully-prefunded PAID deal of the year and 19th deal across all asset classes, underscoring Pagaya’s consistent execution and investor interest and confidence in Pagaya’s data and AI-driven credit capabilities. To date this year, 74 unique investors have participated in Pagaya’s PAID platform. Investor engagement remains strong as consumer credit performance demonstrates continued resilience, supporting stable asset performance across the platform. Pagaya’s ability to deliver durable results in varying macro environments has reinforced investor trust in its funding programs.\n\nThe Company has also seen a continued reduction in cost of capital over time, further strengthening its ability to scale efficiently. Pagaya continues to broaden its investor base and enhance funding diversification through its ABS, pass-through and forward-flow programs.\n\n“Our momentum in the PAID program reflects one of our greatest strengths: the trust that investors place in our platform,” said Sahil Chandiramani, Pagaya’s Head of Capital Markets. “We pride ourselves in bringing structures that are fit to market and built for where we are in the credit cycle. Pagaya is focused on conservative credit selection to continue to drive performance for our investors.”\n\nCurrently, the company has over 150 institutional investors in its network across all programs. Since 2018, the Company has completed 83 securitizations, raising over $34 billion in capital to fund loans originated through its network. Pagaya funds just over $10 billion in loans, out of the over $1 trillion it sees coming through partner APIs, remaining i...