Pagaya Closes 100th Asset-Backed Securitization with New $650 Million Auto ABS Deal
NEW YORK--(BUSINESS WIRE)--Pagaya Technologies Ltd. (NASDAQ: PGY) (“Pagaya”), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced the closing of RPM 2026-5, a $650 million asset-backed securitization backed by auto loans. This landmark transaction represents Pagaya's 100th ABS deal since the Company's first securitization in 2018. Since 2018, Pagaya has raised over $44 billion to fund loan originations across multiple asset classes, in