Pagaya Technologies LTD. (NASDAQ: PGY), a global technology company specializing in AI-driven financial solutions, has announced the successful closure of an $800 million AAA-rated personal loan asset-backed securities (ABS) transaction, designated PAID 2026-1. The transaction, initially targeted at $600 million, was upsized by 33% due to significant investor demand. A total of 32 unique investors participated in the securitization, with the majority having engaged in previous Pagaya transactions. This strong interest underscores the ongoing demand within the consumer credit ABS market for assets enabled by Pagaya’s AI technology. Since 2018, Pagaya has issued over $34.5 billion across 85 ABS transactions, involving more than 150 institutional investors. These transactions have supported originations across personal loan, auto, and point-of-sale programs. Sahil Chandiramani, Head of Capital Markets at Pagaya Technologies LTD., commented on the transaction, stating, “This transaction reflects the steady demand we continue to see from institutional investors for well-structured consumer credit ABS.” He added, “Our programmatic issuance approach and the scale of our network allow us to access the securitization market in a consistent and disciplined manner across market environments. The investor participation and execution of this AAA-rated transaction support our ongoing ability to fund high-quality consumer credit assets as we move through 2026.” Pagaya specializes in leveraging machine learning, extensive data networks, and AI to offer comprehensive consumer credit and residential real estate products. The company integrates its proprietary API and capital solutions into a network of partners, aiming to enhance user experiences and broaden access to the mainstream economy. Pagaya operates with offices in New York and Tel Aviv.