Pagaya Closes $800 Million ABS Transaction, Fourth of 2026
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 days ago
0mins
Source: Newsfilter
- Record Transaction Size: Pagaya successfully closed an $800 million AAA-rated personal loan ABS transaction in 2026, bringing its year-to-date personal loan ABS issuance to nearly $4 billion, showcasing the company's robust performance and growth potential in the financial market.
- Broad Investor Participation: The transaction attracted 39 unique investors, further strengthening Pagaya's funding platform and reflecting institutional investors' confidence in its asset performance and underwriting capabilities, enabling the company to stand out in a competitive market.
- Total Issuance Milestone: Since 2018, Pagaya's total issuance has reached $40 billion across 91 ABS transactions, demonstrating its sustained growth and market leadership in personal loans, auto loans, and POS programs.
- Strategic Partner Expansion: The collateral for this transaction includes personal loans from new network partners Upstart and Achieve, further expanding Pagaya's partner network and enhancing its capacity to support both existing and new lending partners.
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Analyst Views on PGY
Wall Street analysts forecast PGY stock price to rise
6 Analyst Rating
6 Buy
0 Hold
0 Sell
Strong Buy
Current: 15.030
Low
35.00
Averages
43.33
High
54.00
Current: 15.030
Low
35.00
Averages
43.33
High
54.00
About PGY
Pagaya Technologies Ltd is an Israel-based company. It is primarily engaged in financial technology (FinTech) industry. The Company develops data science, machine learning and AI technology (Artificial Intelligence) analytics, enabling accurate, real-time customer credit assessments. Company's customers are lending companies that, by connecting to the AI Pagaya network, have the opportunity to discover and approve new customers that meet their credit criteria. Thanks to the Company's solutions, its customers gains a customer without undue risk. Pagaya Technologies Ltd delivers technology that provides loan assistance such as personal, car and credit card loans. The Company serves its clients all over the world.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Broad Investor Participation: The transaction attracted 39 unique investors, further strengthening Pagaya's funding platform and reflecting institutional investors' confidence in its asset performance and underwriting capabilities, enabling the company to stand out in a competitive market.
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- U.S. Market Expansion: The company has received a conditional bank charter to operate in the U.S., planning to fully capitalize within the next 12 to 18 months and offer a full range of banking products, targeting a vast market of 342 million potential customers.
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- User Base Expansion: As of Q1, Nu boasts 115 million users in Brazil, covering over half of the adult population, demonstrating its strong appeal in a high-barrier market and providing opportunities for future cross-selling.
- U.S. Market Strategy: Nu has received a conditional bank charter to operate in the U.S., with plans to fully capitalize within the next 12 to 18 months, targeting the vast market of 342 million people to further drive its international growth strategy.
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- Broad Investor Participation: The transaction attracted 39 unique investors, further strengthening Pagaya's funding platform and reflecting institutional investors' confidence in its asset performance and underwriting capabilities, enabling the company to stand out in a competitive market.
- Total Issuance Milestone: Since 2018, Pagaya's total issuance has reached $40 billion across 91 ABS transactions, demonstrating its sustained growth and market leadership in personal loans, auto loans, and POS programs.
- Strategic Partner Expansion: The collateral for this transaction includes personal loans from new network partners Upstart and Achieve, further expanding Pagaya's partner network and enhancing its capacity to support both existing and new lending partners.
See More
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- Partnership Expansion: Pagaya's long-term collaboration with Upgrade deepens as it expands into Upgrade's Flex Pay Buy Now, Pay Later solution, marking a significant move into a new asset class beyond personal loans, which is expected to enhance customer payment options and experiences.
- Technology Integration: By integrating Pagaya's AI-driven credit decisioning into Flex Pay, Upgrade can offer more customers simple, surprise-free payment options at the point of purchase, thereby strengthening its competitive position in the market.
- Market Focus: The initial expansion targets the travel merchant segment, where Flex Pay is a trusted payment method for many leading global brands; by leveraging Pagaya's real-time underwriting, Upgrade will extend seamless financing options to more customers across its extensive travel partner network.
- Strategic Implications: Pagaya's President, Sanjiv Das, noted that this partnership expansion not only underscores the strength of their long-term relationship but also supports Flex Pay's growth in new asset classes, aligning with Pagaya's strategy to extend its point-of-sale business towards more purpose-driven transactions.
See More
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- Significant Growth Outlook: TTM Technologies, Inc. (TTMI) has experienced a 27.5% increase in its current year earnings estimate over the past 60 days, reflecting strong demand in the printed circuit board manufacturing sector, which is expected to boost overall company performance.
- Fintech Potential: Green Dot Corporation (GDOT) has seen a 12.8% increase in its current year earnings estimate over the last 60 days, showcasing its ongoing innovation and market expansion capabilities in the fintech space, likely attracting more investor interest.
- Strong Energy Sector Performance: Occidental Petroleum Corporation (OXY) has had its current year earnings estimate raised by 67.2% over the past 60 days, demonstrating robust performance in oil and gas development, which could lead to significant shareholder returns.
See More
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- Valuation Advantage: Pagaya Technologies' stock trades around $13 with a P/E ratio of 11 and a forward P/E of just 4, indicating its potential as a value stock, while its five-year PEG ratio stands at a mere 0.03, highlighting significant growth potential.
- Revenue Growth: In Q1, Pagaya generated $317 million in revenue, a 10% year-over-year increase, with 94% of this revenue coming from loan placement fees, showcasing its strong performance in the non-prime loan market.
- Network Expansion: The company's network volume rose by 9% in Q1 to $2.6 billion, driven by growth in auto loans and point-of-sale loans, particularly through its partnership with Sezzle, which is expected to further boost its business growth.
- Optimistic Outlook: Pagaya anticipates network volume reaching between $11.45 billion and $13 billion by 2026, with revenue forecasts of $1.4 billion to $1.575 billion this year, and net income expected to rise by 67%, reflecting strong growth prospects that have garnered significant attention from Wall Street analysts.
See More
