Pagaya Launches A Revolving Asset-Backed Funding Structure Backed by Personal Loans with Investment from 26North

NEW YORK--(BUSINESS WIRE)--Pagaya Technologies LTD. (NASDAQ: PGY) ("Pagaya†or "the Company†), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced the closing of PAID 2025-REV1, a $350 million asset-backed securitization (ABS) backed by consumer loans originated on the Pagaya network. This transaction is the first of its kind for Pagaya's personal loan business and establishes another form of long-term capital supplementing Pagaya's market-leading ...