Business
Pagaya Expands Point-of-Sale Funding Platform with up to $720 Million Forward Flow Agreement with Sound Point Capital Management
Pagaya’s inaugural POS forward flow agreement underscores continued strong institutional demand for Pagaya’s POS assets Pagaya continues to diversify its
About this update from Pagaya Technologies Ltd.
[{"type":"text","content":"\n\nPagaya’s inaugural POS forward flow agreement underscores continued strong institutional demand for Pagaya’s POS assets\n\n\n\nPagaya continues to diversify its funding program with multi-billion-dollar forward flow capacity across Personal Loans, Auto Loans, and Point-of-Sale\n\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 a new forward flow agreement with Sound Point Capital Management, LP (“Sound Point”), a leading global alternative credit manager with over $45 billion in assets under management, for the purchase of up to $720 million of point of sale (“POS”) loans sourced through Pagaya’s platform.\n\n\nThis agreement marks Pagaya’s first forward flow transaction for its POS program, reflecting a focus on scaling efficient, repeatable capital solutions with long-term institutional partners across its product portfolio. Following the successful launch of its AAA-rated POS revolving asset-backed securitization (ABS) shelf POSH, in May 2025, Pagaya has continued to diversify its funding to support the expansion of its rapidly-growing POS business, raising more than $3 billion in prospective funding capacity since launch.\n\n\n“Pagaya has built a differentiated, institutional-grade platform for accessing consumer credit. We’re excited to partner with Pagaya to support the continued growth of its point-of-sale strategy, while offering our investors consistent exposure to short-duration assets with highly attractive risk-adjusted returns and durable income,” said Philip Bartow, Head of Specialty Finance and Fintech Lending & Portfolio Manager at Sound Point.\n\n\n“We are proud to partner with Sound Point on our inaugural point-of-sale forward flow transaction,” said Sanjiv Das, President and Co-founder of Pagaya. “Together, we’re connecting capital with the responsible expansion of consumer credit opportunities - through a product that resonates and is in strong demand by institutional investors. This agreement is an important milestone as we continue to efficiently scale our point-of-sale business.”\n\n\nPagaya’s predictive AI-powered credit decisioning facilitates access to high-quality consumer credit assets across a growing list of 30+ lending partners in ...