Pagaya Technologies LTD. (NASDAQ: PGY), a global technology company providing AI-driven product solutions for the financial ecosystem, announced the closing of PAID 2025-5, a $500 million asset-backed securitization (ABS) backed by consumer loans originated on its network.The transaction, initially targeting $400 million, was upsized to $500 million and received a AAA rating from Kroll Bond Rating Agency (KBRA). This securitization attracted over 30 unique investors, including five new participants, four of whom are new to Pagaya’s broader capital markets program, indicating sustained institutional demand for assets generated through Pagaya’s AI-driven approach.PAID 2025-5 marks the fifth fully-prefunded PAID deal completed this year. This latest closing follows the recent Auto RPM 2025-4 transaction, bringing Pagaya’s year-to-date ABS issuance to over $4.6 billion across personal loan, auto, and point-of-sale asset classes.Sahil Chandiramani, Pagaya’s Head of Capital Markets, commented on the development: “From personal loans to auto and POS, our capital markets platform is delivering consistent access to diversified funding at scale. This latest PAID transaction demonstrates the depth of investor appetite and the power of our network to deliver high-performing, repeatable securitizations across asset classes.”Pagaya continues to expand its investor base and financing flexibility through its ABS and forward-flow programs. Since 2018, the Company has completed 75 securitizations, collectively raising nearly $31 billion in capital to fund loans originated through its network. Pagaya aims to support accelerated growth for both its lending partners and institutional investors by making financial products and services available to a wider audience.