Pagaya secures $350 million in funding through a new ABS structure backed by consumer loans on its network.
In New York, Pagaya Technologies LTD. (NASDAQ: PGY) revealed the completion of PAID 2025-REV1, a notable $350 million asset-backed securitization (ABS) supported by consumer loans from the Pagaya network. This landmark transaction marks the introduction of this financing method for Pagaya’s personal loan division, providing a new avenue for long-term capital alongside their existing resources.
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