Pagaya Technologies, an AI-driven financial technology company, has completed a $400 million asset-backed securities (ABS) transaction, RPM 2025-5, focused on auto loans, with One William Street Capital Management (OWS) serving as a strategic funding partner. This transaction highlights the strength of Pagaya’s auto asset portfolio and its continued expansion in the sector. Pagaya Technologies LTD. (NASDAQ: PGY), a global technology company providing AI-driven product solutions for the financial ecosystem, announced the closing of RPM 2025-5, a $400 million ABS transaction. This deal is backed by auto loans originated through Pagaya’s network of national auto lenders, which includes partners such as Ally, Westlake, and a top-five auto captive. One William Street Capital Management, L.

P. (“OWS”), a New York-based alternative investment manager specializing in asset-based and structured credit strategies, acquired the residual certificates from RPM 2025-5. Sahil Chandiramani, Pagaya’s Head of Capital Markets, stated, “Our partnership with OWS, alongside strong execution, serves as strong indicators of both the durability and quality of our capital markets program. In today’s complex auto market, it is established platforms like Pagaya – with disciplined partner selection, rigorous data-driven underwriting, and the stability, scale, and investor trust – that are well positioned to continue to succeed and take a higher market share as one of the only solutions out there.” Evangelos Perros, CFO of Pagaya, added, “This agreement underscores the diversification of our funding infrastructure and bolsters our growth and capital efficiency. While we remain prudent in our underwriting, the auto lending space continues to be an area of growth for Pagaya, as many more lenders recognize the power that our products deliver by approving more customers through the lending funnel and increasing dealership satisfaction, leading us to reach a $2 billion annual run rate and growing.” Frank Prezioso, Deputy CIO at OWS, commented, “We are pleased to partner with Pagaya’s innovative platform on this transaction, and we look forward to continuing to expand on our relationship.” Since 2018, Pagaya has cumulatively raised over $32 billion across 78 ABS transactions, funding loan originations across various products, including personal loans, auto loans, and point-of-sale financing. With this latest transaction, Pagaya’s cumulative auto ABS issuance for 2025 has reached approximately $1.7 billion, setting a new record by surpassing the aggregate issuance of any prior full year in the auto sector. Pagaya leverages machine learning, a vast data network, and an AI-driven approach to provide comprehensive consumer credit and residential real estate products for its partners, customers, and investors, with offices in New York and Tel Aviv.