PGYWW

Pagaya Technologies Ltd. operates as an artificial intelligence-driven financial technology company that partners with banks, credit unions, and other financial institutions to expand credit access. Headquartered in New York City with additional operations in Tel Aviv, Israel, the company utilizes its proprietary AI network to analyze consumer credit applications and enable partner institutions to approve more borrowers while managing risk. Pagaya's platform processes large datasets to assess creditworthiness beyond traditional FICO scores, focusing primarily on personal loans, auto financing, and credit card lending. The company operates on a capital-light model, partnering with institutional investors who fund the loans while Pagaya manages the technology and analytics in exchange for fees and shared economics. Since going public via a SPAC merger in June 2022, Pagaya has navigated challenging macroeconomic conditions including rising interest rates and tightening credit markets. The company reported processing over $7 billion in transaction volume in recent periods, serving dozens of financial institution partners across the United States. Pagaya differentiates itself through its machine learning models that continuously adapt to market conditions and its ability to integrate seamlessly into partners' existing lending workflows. The company employs several hundred people across its offices and continues investing in its AI capabilities and partner network expansion.