“Network volume reached a record-high as we continued to achieve consistent results for our
#lending
partners and
#investors
,” said our CEO,
@galkrubiner
, as part of our 2Q23 earnings inaugural letter to shareholders. See here:
#Fintech
#PGY
Our first blog post is up! How can data scientists and finance professionals stay relevant as technology changes and workplace demands evolve?
#futureofwork
#AI
Pagaya’s ability to innovate and offer investment opportunities is made possible through the incredible work of pioneers in machine learning and AI. 💻
Today, we celebrate Alan Turing, the father of computer science.
#ThinkScience
#Turing50
We partnered w/
@usbank
to expand customer relationships to a more diverse group of borrowers, grow origination volumes, strengthen brand affinity & increase revenues, all without adding incremental credit risk due to our
#AI
credit-decisioning tools: $PGY
Our
#AI
model “utilizes more data points in assessing whether a consumer is creditworthy than the handful typically used by traditional auto lenders.”
@GalKrubiner
connected with
@business
’s
@PaigeSmithNews
about our expansive partnership with
@WestlakeFS
:
Pagaya’s Co-founder & VP Sales Yahav Yulzari was pleased to present at a recent
#investor
conference hosted by NOX Wealth Advisors of Tel-Aviv, Israel ✨
Check out the latest from
@shulman_sophie
at
@Calcalistech
featuring major news from
#Pagaya
: incredible expected earnings from FY 2023, an important relocation of our headquarters (officially in NYC!), and a reverse stock split. Read the full story: $PGY
Today, Pagaya is officially part of the Russell 2000® Index. We’re thrilled to join one of the most widely referenced benchmarks in U.S. equity markets.
Read more ⬇️
$PGY
#RussellRecon
#RussellRecon2024
As an asset manager, we're driven by opportunities to create value for clients. As a company built on AI, “how” money is managed is unique. Read more about collaboration over competition in our latest blog post. 👇
“We grew our network with transformational new lending partnerships and enhanced network monetization, reflecting the value our product can provide,” said our CEO,
@galkrubiner
, as part of our 4Q23 earnings letter to shareholders. Check it out here: $PGY
Today we’re announcing a new $400M, asset-backed securitization deal, our 2nd
#ABS
deal of the year and our 49th to date. $PGY is the
#1
personal
#loan
ABS issuer by issuance size in the U.S., and has raised $20 billion in ABS transactions in total:
We recently announced the closing of our 45th
#AssetBackedSecuritization
, our 13th in 2023. We raised $700M for our latest
#ABS
deal, bringing our total raised to more than $18 billion in total, across multiple products:
#PersonalLoans
Starting the year off strong with our 1st
#ABS
deal of 2024 & our 48th to date. We remain the
#1
personal loan ABS issuer by issuance size in the U.S., solidifying our reputation as the benchmark issuer of this product:
#AssetBackedSecuritization
Pagaya is set to join the Russell 2000® Index and the broad-market Russell 3000® Index on July 1 as part of the Russell indexes annual reconstitution, according to a preliminary list of additions posted May 24.
#RussellRecon
“With strong execution enabled by a product-focused strategy, we are delivering on our mission to help consumers get access to more credit,” said
@pagayaltd
CEO,
@galkrubiner
, as part of our 3Q23 earnings inaugural letter to shareholders:
#Fintech
$PGY
$PGY this morning announced its agreement to acquire leading credit funds manager Theorem Technology, which will diversify and expand Pagaya’s funding capacity with $3B of fund capital, and further demonstrate our ability to grow the business.
Read more:
Thrilled to share the closing of ~$800M in asset-backed securitization (ABS)! It’s our 40th
#ABS
deal to date & 8th in 2023. We’re the
#1
issuer of personal loan ABS transactions in the U.S., reflecting our strong investor interest in
#consumercredit
. See the news here:
2023 was a step-change in our journey to transform the consumer finance system. Together with our colleagues & partners, we continued our strong momentum to fulfill our mission to deliver more financial opportunity to more people, more often. Happy New Year from the Pagaya team!
We’ve partnered with global
#tech
company
@Pagayaltd
($PGY) to help more U.S. Bank clients qualify for personal loans who don’t otherwise meet our traditional credit requirements. Read more:
ICYMI: $PGY exceeded outlook for
#Q3Earnings
. As we grow, our performance furthers our ability to advance our mission: delivering more financial opportunities to more people, more often. See
#earnings
highlights &
@galkrubiner
's letter to shareholders:
Today we’re announcing two new
#ABS
deals totaling more than $1 billion. These latest deals support our company momentum as we continue to expand our
#lending
network. Learn more here:
We’re pleased to announce that Pagaya is a winner at the
@FinTech_Futures
2024
#BankingTechAwardsUSA
!
We’re honored to be the winner of the “Tech of the Future – AI & Data" category. See the full list of winners here: $PGY
Pagaya is one of the World's Top FinTech Companies for 2024, according to
@CNBC
!
We’re proud to be included in CNBC’s list of
#fintech
companies fostering a positive and innovative impact on financial services. Check out the full list: $PGY
TUNE IN: Pagaya’s CEO
@galkrubiner
recently joined
@Fintechnexus
’ Fintech One-on-One Podcast hosted by
@peterrenton
to discuss our founding story, how we’re providing credit support to financial institutions, our financial inclusion mission and more: $PGY
We’re excited to join the
@Mastercard
Engage network. With Pagaya's
#AI
network facilitating smarter, faster
#credit
decisions,
#bank
and
#fintech
partners will be able to expand their POS installment
#lending
capabilities.
Learn more here:
$PGY
Congrats,
@GalKrubiner
, for being named Entrepreneur of the Year by
@EY_US
! As $PGY CEO & co-founder, Gal has transformed millions of lives by delivering more than $20B in
#loans
to deserving borrowers. We’re
#PagayaProud
to see him recognized.
Our Chief Growth Officer spoke w/
@pennycrosman
at
@AmerBanker
to share how our 2 sided network &
#AI
enable partners like
@usbank
to say yes to more
#loan
applications. We’ve helped
@usbank
approve 2,000 loans in a matter of months: $PGY
Today we announced that Evangelos Perros, who served as Interim
#CFO
since November 2023, has been named as Chief Financial Officer, effective immediately. Learn more about how Perros will continue to drive financial and capital strategy at the Pagaya:
We’re excited to welcome
@OneMain
to the Pagaya Network! With the power of Pagaya’s
#AI
driven lending network,
@OneMain
will be able to broaden its
#loan
offerings to even more deserving customers: $PGY
“Pagaya’s platform allows
#partners
to access its
#AI
#credit
approval
#data
modeling, before then using the securitization market to raise capital,” shared
@GlobalCapNews
when discussing Pagaya’s recent announcement with Exeter Finance:
As we head into the second half of the year, we’re taking a look back at our 2024 accomplishments thus far. From new
#partnerships
and
#acquisitions
to recognitions for our leaders, we’re
#PagayaProud
of our work. $PGY
I will be joined by CFO Evangelos Perros and President Sanjiv Das tomorrow at 8:30 am ET as we host
@Pagayaltd
’s 4Q23 earnings call. Tune in here: $PGY
How will
#AI
transform
#banking
in 2024? In a recent newsletter, $PGY President Sanjiv Das dives into the diverse applications of AI in banking, and how banks can embrace the technology to overcome challenges.
Read the full newsletter here:
Welcome, Abhijit Chaudhary, our new Chief Product Officer! Abhi brings over two decades of experience in product management, business development, and innovation to Pagaya’s team. Read more about Abhi’s new role at Pagaya:
#AI
#Credit
#Lending
$PGY
$PGY CCO Paul Limanni recently met w/
@tomlemmon93
to discuss
#AssetBackedSecurities
and the future of this market. Read more about Pagaya being the largest issuer of consumer ABS since 2022 raising more than $6bn in that time in
@GlobalCapNews
:
Pagaya recently announced the closing of our latest Auto ABS Deal, the 10th asset-backed securitization (
#ABS
) in 2023. Pagaya’s CCO, Paul Limanni: “This transaction continues to showcase our leadership in the
#auto
ABS market.” Read more here:
“We are solving our lenders’ biggest problems.”
#ICYMI
: At the 26th Annual Needham Growth Conference last week, $PGY CEO
@GalKrubiner
discussed how we’ve built a product-led growth company that helps lenders say yes to more customers. Watch here:
We've been working hard to bring you the future of finance. Announcing another $100 million actively managed asset-backed security (ABS) today. Very grateful for everyone's support! ✨ More:
“Our goal is to make the
#auto
program a flagship program.” Chief Capital Officer Paul Limanni spoke with
@GlobalCapNews
about our 4th auto
#ABS
transaction of the year as well as our auto ABS expansion plan. Full story:
ICYMI: We had our 3Q23 earnings call this morning. We exceeded our outlook across all metrics, underscoring the strength of our two-sided lending network. View Pagaya CEO
@galkrubiner
’s letter to shareholders here:
#AI
#MachineLearning
#Fintech
$PGY
Join us in congratulating our CGO Leslie Gillin, who was honored with
@WomeninPayments
’ Innovation Award at their 2024 USA Symposium. This award is a testament to Leslie’s exceptional leadership & creativity as we work to transform the consumer lending ecosystem.
#PagayaProud
Leslie Gillin, our Chief Growth Officer, spoke at
@calcalist
’s annual Mind the Tech NY conference. See how $PGY is using AI to grant
#credit
access to more Americans:
#FinancialInclusion
We recently asked our partners to share why they enjoy working with us and value our
#partnership
. Thanks, Liew Tzu Mi, CIO, Fixed Income & Multi Asset at GIC, for sharing the benefits of partnering with us:
#Fintech
Pagaya CEO Gal Krubiner explains how the company is using AI to assist banks in determining who is eligible for loans and reducing the number of customers who are getting denied:
Our Chief Growth Officer Leslie Gillin is speaking at
@calcalist
’s Mind the Tech NY conference, joining other tech leaders to discuss how to harness
#technology
&
#AI
to tackle humanity’s grand challenges. Don’t miss the exciting conversation: $PGY
In honor of
#WomensHistoryMonth
, we’re celebrating the women of $PGY - starting w/ our CGO. Leslie Gillin discussed building an inclusive financial system via
#AI
at the
@WomeninPayments
’ 2024 USA Symposium and was honored w/ the Innovation Award.
#ProudPagayans
A warm welcome to Nicole Torraco, who has joined our Board of Directors. We look forward to Nicole’s seasoned counsel as we continue to grow. Read the full announcement, here:
#Leadership
#FinancialServices
#Lending
$PGY
Thank you, Financial Technology Report, for listing our Chief Growth Officer as the
#1
woman leader in
#fintech
. Congrats to the exceptional women featured in this list who play a pivotal role in this space:
#PagayaProud
#WomenInFintech
#Leadership
We're finalists in 2
@Finovate
award categories: Best Fintech Partnership & Most Impactful AI-Based Solution. This recognition highlights our dedication & innovation in
#Fintech
&
#AI
. Thanks to our amazing team, partners & network! Celebrate with us: $PGY
#ICYMI
We announced a forward flow agreement with Castlelake, where they agreed to purchase up to $1 billion in consumer
#loans
originated on the $PGY network.
To learn more, read
@Immy_jn
and
@ArroyoNieto
’s article for
@Business
⬇️
"An asset manager with a
#fintech
edge." Learn more about the Pagaya triangle logo and how it reflects our core values as an organization while breaking free from the constraints of tradition.
We’re getting ready for another packed month of
#investor
conferences. Our $PGY leaders will attend 6 conferences hosted by
@Oppenheimer
,
@jpmorgan
, Canaccord, SIG, Seaport, and Needham. We hope to see you there! Check out further details here:
Today we celebrate 1 year of
@DarwinHomes
, which has created a data-rich, technologically sophisticated offering for participants in the
#SFR
space, including residents, investors & service providers. Here’s to many more years of collaboration & growth!
#AITechnology
#ICYMI
: Our CEO,
@galkrubiner
, shared a letter with shareholders yesterday following strong 1Q24 earnings results. “Our strategy is working and there’s a lot more to come as we expand our product ecosystem.”
Find it here: $PGY
Our CEO & Co-Founder,
@galkrubiner
, shared with
@FortuneMagazine
how complex regression models form the backbone of finance and the way Pagaya leverages the use of
#AI
in the financial industry.
Great chat with
@FortuneMagazine
digging into the use of
#AI
within the
#financial
services industry.
@Pagayaltd
's been at the forefront of AI in financial services since inception & we’ll continue to leverage the power of AI in
#finance
. Read it here:
As financial institutions struggle with shrinking balance sheets, Pagaya continues to partner with investors like Värde to provide new opportunities in the ever-changing financial landscape.
@Business
’
@MaxJReyes
writes about our latest deal:
We’re pleased to announce Ralph L. Leung is joining $PGY as Chief Operating Officer and Chief Commercial Officer.
Ralph will lead our capital markets function, monetization, operations, and the company's research, data and credit strategy capabilities.
How can
#AI
help solve our most pressing challenges? Today, $PGY CGO Leslie Gillin joins a panel on this topic to discuss how Pagaya is leveraging AI to advance
#financialinclusion
. Learn more from
@calcalist
:
.
@WestlakeFS
has partnered with Pagaya to elevate the car-buying experience. Now with Pagaya’s technology, Westlake’s dealers will be able to facilitate smarter and more empowered credit decisions for more customers:
#AutoLending
“
#Banks
don’t want to get left behind. Even though they are larger and a little slower to move, they want to access and integrate AI because they see it as a growth opportunity.” Chief Capital Officer Paul Limanni on
#AI
and
#banking
with
@SCI_Newsfeed
.
It “definitely feels like the market and sentiment is improving,” shared our chief capital officer, Paul Limanni, when discussing the
#AssetBackedSecurities
space. Exciting times ahead as we continue making milestones in
#ABS
. Find the full piece here:
Our CEO presented to investors at
@CG_Driven
’s conference, where he discussed Pagaya’s Q2 highlights. "We have a value proposition that no one can say no to. It’s a perfect product for banks and lenders in the US,” Gal said.
Watch here ⬇️
$PGY
“With Chaudhary’s appointment, Pagaya is focused on expanding its product integration to more lenders across markets with a focus on large U.S. banks and auto captives.” Read more about Abhijit Chaudhary joining the Pagaya team in
@BankAutomation
: