Pagaya announces $720M forward flow agreement with Sound Point Capital

Core Insights - Pagaya (PGY) has entered into a forward flow agreement with Sound Point Capital Management for the acquisition of up to $720 million in point-of-sale loans sourced through Pagaya's platform, marking its first forward flow transaction for the POS program [1] Group 1 - The agreement allows Pagaya to enhance its funding capabilities by securing a significant amount of capital for its point-of-sale loan offerings [1] - This transaction signifies a strategic partnership with Sound Point Capital Management, which may lead to further collaborations in the future [1] - The forward flow agreement is expected to improve Pagaya's operational efficiency and expand its market presence in the point-of-sale lending sector [1]