Headquartered in New York, NY Fiscal year ends December NASDAQ: PGY pagaya.com
Pagaya Technologies (NASDAQ: PGY) is a global technology company that uses machine learning and AI-driven product solutions to serve the financial ecosystem. The company operates a B2B embedded platform that integrates via proprietary API into a network of 36 lending partners, connecting them with over 170 institutional investors. Pagaya's technology evaluates consumer loan applications — having processed over $4 trillion cumulatively — and enables its financial institution partners to expand their lending spectrum across personal loans, auto loans, and point-of-sale financing. The company monetizes through fees earned on network volume (loans facilitated through its platform) and interest income from its balance sheet investments in loans and securities. Pagaya also operates ABS funding programs, issuing asset-backed securities to fund the loans originated through its network. The company serves three primary verticals: Personal Loans, Auto Loans, and Point-of-Sale Loans, with the Auto vertical rapidly scaling through connections to approximately 30,000 U.S. dealerships. Pagaya also has a single-family rental operation. The company maintains offices in New York and Tel Aviv. Updated
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Pagaya Technologies (NASDAQ: PGY) is a global technology company that uses machine learning and AI-driven product solutions to serve the financial ecosystem.
The Wall Street consensus 12-month price target for PGY is $28.82.
