Pagaya Technologies Ltd - Class A

Pagaya Technologies Ltd. (NASDAQ: PGY) is a technology company that uses machine learning, a large data network and AI-driven underwriting to provide consumer credit products and capital solutions to lending partners such as banks, auto lenders, fintechs and point-of-sale providers. Its network evaluates loan applications that partners would otherwise decline, and its proprietary API is embedded into partners' customer flows so they can approve more borrowers in a native experience. Loans approved through Pagaya are funded by institutional investors through asset-backed securitizations, forward flow agreements, variable funding note warehouses and revolving securitization structures. The company operates three main lending verticals: Personal Loans, Auto Loans and Point-of-Sale financing. It also has single-family rental real estate operations. Products include the Affiliate Optimizer Engine and Direct Marketing Engine for personal loans, and Counteroffers, Dual Look, FastPass and Deal Optimization for auto. Bank partners include U.S. Bank, Ally and Citizens, plus FNBO, which was added in the third quarter of 2026; point-of-sale partners include Sezzle and FlexPay. The company earns fees on network volume, which it reports net of production costs as FRLPC, along with interest income from its retained risk-retention and investment portfolio. Pagaya has offices in New York and Tel Aviv. Updated Oct 29, 2026