- Latest consumer loan transaction marks the sixth fully-prefunded PAID deal of 2025 and 13th deal across all ABS programs
- Expanded investor participation highlights growing and continued strong demand for Pagaya’s AI-driven assets
- Over $5.5 billion of capital commitments raised year-to-date to fund all asset classes across Pagaya’s ABS programs
NEW YORK–(BUSINESS WIRE)–Pagaya 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 2025-6, a $600 million asset-backed securitization (ABS) backed by consumer loans originated on the Pagaya network. The AAA-rated deal was upsized from an initial target of $500 million and brings the total amount raised to fund personal loans year-to-date to $4 billion.
This is the sixth fully-prefunded PAID deal of the year and 13th deal across all asset classes, demonstrating Pagaya’s consistent execution and continued and expanded investor interest. This deal drew strong demand from a diverse group of investors, including both new and repeat investors across Pagaya’s platform.
Pagaya continues to broaden its investor base and enhance funding durability through its ABS, pass-through and forward-flow programs. Currently, the company has over 150 institutional investors in its network across all programs. Since 2018, the Company has completed 77 securitizations, raising over $31 billion in capital to fund loans originated through its network.
“Closing our sixth fully-prefunded PAID transaction of the year further demonstrates the strength of our capital markets platform and the reliability of our execution,” said Sahil Chandiramani, Pagaya’s Head of Capital Markets. “Investor demand continues to validate the performance of our assets and scale of our network, allowing us to deliver repeatable, high-quality securitizations in dynamic market conditions.”
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 comprehensive consumer credit and residential real estate 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. Pagaya has offices in New York and Tel Aviv. For more information, visit pagaya.com.
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