Pagaya Technologies LTD. (NASDAQ: PGY) announced the closing of RPM 2026-1, a $400 million auto asset-backed securitization (ABS). This transaction represents Pagaya’s first Auto ABS in 2026, following over $2 billion in auto ABS issuance during 2025.
Sahil Chandiramani, Head of Capital Markets at Pagaya, commented on the transaction, stating that it demonstrates sustained market demand for Pagaya’s auto collateral and established deal structures. He also noted the return of repeat investors alongside new funding partners, reinforcing the strength of the Pagaya platform, and reaffirmed the company’s commitment to robust issuance across various asset classes in the coming year.
The RPM 2026-1 transaction saw participation from more than 20 distinct investors, with the majority being repeat investors. Over the past year, the number of investors engaging with the RPM shelf has increased by 62%.
Since 2018, Pagaya has secured over $35 billion across 84 ABS transactions, supporting loan originations across multiple products, including personal loans and auto financing. The execution of RPM 2026-1 aligns with Pagaya’s financial strategy to maintain a diversified funding approach through both ABS and Forward Flow deals.
Pagaya Technologies is a global technology company that provides AI-driven product solutions for the financial ecosystem. The company leverages machine learning, a data network, and an AI-driven methodology to offer consumer credit and residential real estate products for its partners, their customers, and investors. Pagaya’s proprietary API and capital solutions integrate into its partner network to facilitate user experiences and broaden access to the mainstream economy. Pagaya maintains offices in New York and Tel Aviv.
