Pagaya Locks $295M Premium Auto Deal as Part of Massive $3B Capital Raise
Summary
These are the ideal market dislocations where investors can take calculated risk, said Gal Krubiner, Pagayas CEO and Co-Founder.Pagayas ability to efficiently execute its latest auto ABS deal, reflects continued strong capital markets demand for Pagayas assets. Since 2018, Pagaya has raised over across 67 ABS transactions to fund loan originations across multiple products, including personal loan and auto.In an increasingly competitive capital markets environment, our Auto ABS program showcases that demand for and investor confidence in our auto assets remains high, said Sahil Chandiramani, Pagayas Head of Capital Markets. We remain focused on increasing scale and efficiency while continuing our strong track record of stable asset performance.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.