Pagaya Technologies LTD. (NASDAQ: PGY), a global technology company providing AI-driven product solutions for the financial ecosystem, announced the closing of a new $400 million AAA-rated auto loan asset-backed securities (ABS) transaction, RPM 2025-4, bringing its total Auto ABS transactions to $1.3 billion year-to-date.
RPM 2025-4 represents Pagaya’s largest auto ABS transaction in 2025. The deal was oversubscribed and attracted participation from 15 investors. This group included 6 new investors, with 4 of these being new to Pagaya’s overall capital markets program. The investor pool comprised a diverse mix of insurance companies, foreign and domestic pension funds, large investment managers, and hedge funds.
Sahil Chandiramani, Pagaya’s Head of Capital Markets, stated, “Our capital markets engine continues to deliver at scale, across all asset classes, with demand for our funding products at peak levels. With each transaction, we’re adding new strategic relationships and deepening existing ones, as we continue to deliver high-performing programs for both partners and investors. In Auto, our consistent execution and growing demand is a testament to the strength of our data, the resilience of the underlying assets, and the power of our AI-driven platform to scale quality credit.”
Since 2018, Pagaya has raised over $30.2 billion across 74 ABS transactions. These transactions have funded loan originations across various products, including personal loans, auto loans, and point-of-sale financing.
Pagaya leverages machine learning, a data network, and an AI-driven approach to offer consumer credit and residential real estate products. The company’s proprietary API and capital solutions are designed to integrate with its network of partners, aiming to provide seamless user experiences and broader access to the mainstream economy. Pagaya maintains offices in New York and Tel Aviv.
