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Pagaya Closes 100th Asset-Backed Securitization with New $650 Million Auto ABS Deal

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Pagaya Closes 100th Asset-Backed Securitization with New $650 Million Auto ABS Deal

Pagaya Technologies Ltd. (“Pagaya”), a global technology company delivering AI-driven product solutions for the financial ecosystem, announced the closing of RPM 2026-5, a $650 million asset-backed securitization backed by auto loans. This landmark transaction represents Pagaya’s 100th ABS deal since the Company’s first securitization in 2018.

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Since 2018, Pagaya has raised over $44 billion to fund loan originations across multiple asset classes, including personal loans, auto loans and point-of-sale loans. The Company continues to demonstrate its market leadership as the primary ABS issuer of consumer unsecured loans in the U.S., with a diversified investor base and strong demand for its securitizations.

“Closing our 100th ABS transaction is a testament to the trust our institutional partners place in Pagaya’s platform,” said Gal Krubiner, Co-Founder and Chief Executive Officer of Pagaya. “Over the last eight years, we have intentionally built a robust capital engine powered by long-term committed capital and diversified funding sources. This foundation allows us to scale with our lending partners while continuing to offer premier investors access to high-performing, AI-underwritten consumer assets.”

Thirty-five unique investors participated, including five new investors to Pagaya’s RPM shelf. The deal brings Pagaya’s total issuance this year to over $10 billion and its lifetime ABS issuance to over $44 billion.

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