Pagaya Closes $800M Personal Loan ABS Transaction
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 15 2026
0mins
Pagaya Technologies announced the closing of an upsized $800M AAA-rated personal loan ABS transaction. With 39 unique investors participating, the upsized deal brings Pagaya's year-to-date personal loan ABS issuance to nearly $4B and marks the company's third upsized personal loan ABS transaction this calendar year. The deal brings Pagaya's total issuance since 2018 to $40B through 91 ABS transactions, backed by more than 165 institutional investors across its personal loan, auto and POS programs. Notably, collateral for this transaction includes personal loans from new network partners including Upstart and Achieve.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy PGY?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
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: 15.870
Low
35.00
Averages
43.33
High
54.00
Current: 15.870
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.
Pagaya CEO's Share Purchase Signals Confidence in Stock Price Rise
- Share Acquisition: CEO Gal Krubiner purchased 16,230 shares of Pagaya Technologies Ltd. on June 24, 2026, at $15.43 per share, increasing his direct holdings to 555,906 shares, signaling confidence in the company's stock price appreciation.
- Transaction Value Insight: The total transaction value was $250,468, with the purchase price approximately 1.5% above the market close of $15.20 on the same day, reflecting Krubiner's recognition of the company's value.
- Growth in ABS Business: Pagaya has completed over $5.5 billion in asset-backed securities (ABS) sales in the first half of 2026, and announced an $800 million ABS transaction on June 15, indicating strong growth potential in its business model.
- Strategic Partnership Expansion: Pagaya expanded its partnership with Upgrade, Inc. to include a new asset class of buy now pay later solutions, further enhancing its competitive position in the fintech sector.
See More
Pagaya CEO Acquires 16,230 Shares, Signaling Confidence
- Executive Share Acquisition: On June 24, 2026, Pagaya Technologies CEO Gal Krubiner purchased 16,230 shares at approximately $15.43 each, totaling around $250,000, indicating strong confidence in the company's stock price potential.
- Accelerating ABS Transactions: Pagaya has completed over $5.5 billion in asset-backed securities (ABS) sales in the first half of 2026, including an $800 million personal loan ABS announced on June 15, showcasing robust performance and growth prospects in the ABS market.
- New Business Expansion: The company has expanded its partnership with Upgrade, Inc. to facilitate the origination of buy now pay later solutions at the point of sale, enhancing its product offerings and competitive positioning in the market.
- Market Signal Interpretation: Although the analyst team did not include Pagaya in their top investment stocks, Krubiner's share purchase is often interpreted as a positive signal regarding the company's future performance, potentially attracting more investor interest in its stock.
See More
Nu Holdings: Three Catalysts for Potential Rebound in 2026
- Bank Charter Expansion: Nu Holdings is obtaining bank charters in Brazil and Mexico, with a total user base of 135 million, including 115 million in Brazil, positioning itself as the largest private financial institution, which is expected to enhance user engagement and stability through cross-selling.
- 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.
- AI Credit Decision Optimization: Nu's AI model, Nuformer, has reduced credit risk by 70%, and in Q4 2025, the credit card purchase volume market share in Brazil increased by 0.5%, marking the highest absolute increase in a decade, demonstrating strong market performance and financial inclusion.
- International Brand Building: The partnership with Inter Miami CF and the naming of Nu Stadium signify the company's international growth strategy in the U.S., aimed at enhancing brand presence and attracting the large Spanish-speaking population.
See More
Nu Secures Bank Charters in Brazil and Mexico, Expands U.S. Ambitions
- Bank Charter Acquisition: Nu has secured full bank charters in Brazil and Mexico, allowing it to offer a wider range of financial products under one platform, thereby enhancing business stability and competitive positioning in the market.
- 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.
- AI Credit Scoring Innovation: Nu's AI model, Nuformer, has achieved a 70% reduction in risk, enhancing credit approval efficiency and improving credit quality, which is expected to lead to higher revenues and stronger market performance.
See More
Pagaya Closes $800 Million ABS Transaction, Fourth of 2026
- 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.
See More
Pagaya Expands Partnership with Upgrade for Flex Pay
- 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
Pagaya CEO's Share Purchase Signals Confidence in Stock Price Rise
- Share Acquisition: CEO Gal Krubiner purchased 16,230 shares of Pagaya Technologies Ltd. on June 24, 2026, at $15.43 per share, increasing his direct holdings to 555,906 shares, signaling confidence in the company's stock price appreciation.
- Transaction Value Insight: The total transaction value was $250,468, with the purchase price approximately 1.5% above the market close of $15.20 on the same day, reflecting Krubiner's recognition of the company's value.
- Growth in ABS Business: Pagaya has completed over $5.5 billion in asset-backed securities (ABS) sales in the first half of 2026, and announced an $800 million ABS transaction on June 15, indicating strong growth potential in its business model.
- Strategic Partnership Expansion: Pagaya expanded its partnership with Upgrade, Inc. to include a new asset class of buy now pay later solutions, further enhancing its competitive position in the fintech sector.
See More
Pagaya CEO Acquires 16,230 Shares, Signaling Confidence
- Executive Share Acquisition: On June 24, 2026, Pagaya Technologies CEO Gal Krubiner purchased 16,230 shares at approximately $15.43 each, totaling around $250,000, indicating strong confidence in the company's stock price potential.
- Accelerating ABS Transactions: Pagaya has completed over $5.5 billion in asset-backed securities (ABS) sales in the first half of 2026, including an $800 million personal loan ABS announced on June 15, showcasing robust performance and growth prospects in the ABS market.
- New Business Expansion: The company has expanded its partnership with Upgrade, Inc. to facilitate the origination of buy now pay later solutions at the point of sale, enhancing its product offerings and competitive positioning in the market.
- Market Signal Interpretation: Although the analyst team did not include Pagaya in their top investment stocks, Krubiner's share purchase is often interpreted as a positive signal regarding the company's future performance, potentially attracting more investor interest in its stock.
See More
Nu Holdings: Three Catalysts for Potential Rebound in 2026
- Bank Charter Expansion: Nu Holdings is obtaining bank charters in Brazil and Mexico, with a total user base of 135 million, including 115 million in Brazil, positioning itself as the largest private financial institution, which is expected to enhance user engagement and stability through cross-selling.
- 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.
- AI Credit Decision Optimization: Nu's AI model, Nuformer, has reduced credit risk by 70%, and in Q4 2025, the credit card purchase volume market share in Brazil increased by 0.5%, marking the highest absolute increase in a decade, demonstrating strong market performance and financial inclusion.
- International Brand Building: The partnership with Inter Miami CF and the naming of Nu Stadium signify the company's international growth strategy in the U.S., aimed at enhancing brand presence and attracting the large Spanish-speaking population.
See More
Nu Secures Bank Charters in Brazil and Mexico, Expands U.S. Ambitions
- Bank Charter Acquisition: Nu has secured full bank charters in Brazil and Mexico, allowing it to offer a wider range of financial products under one platform, thereby enhancing business stability and competitive positioning in the market.
- 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.
- AI Credit Scoring Innovation: Nu's AI model, Nuformer, has achieved a 70% reduction in risk, enhancing credit approval efficiency and improving credit quality, which is expected to lead to higher revenues and stronger market performance.
See More
Pagaya Closes $800 Million ABS Transaction, Fourth of 2026
- 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.
See More
Pagaya Expands Partnership with Upgrade for Flex Pay
- 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
