Pagaya Secures $700M Auto Loan Forward Flow Agreement with Neuberger
PGY has more than doubled off its 52-week low of $10.4.
Summary
Pagaya signed its first forward flow agreement with Neuberger Specialty Finance for up to $700 million of auto loans sourced through its network. This adds a new committed capital channel to its funding mix, extending an existing partnership. The deal provides predictable long-term capacity for Pagaya's auto segment, which grew to a $4.8 billion annualized run-rate last quarter and drove over 75% of network volume growth. The agreement reinforces Pagaya's ability to scale its AI-driven lending platform with institutional backing.
At the time of this announcement, PGY was trading at $21.22 on NASDAQ in the Finance sector, with a market capitalization of approximately $1.8B. The 52-week trading range was $10.40 to $44.99. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: BusinessWire.