The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.

We use cookies to improve your experience and serve personalized ads.

By clicking Accept, you consent to our use of advertising cookies. See our Privacy Policy for details.

Stocks•24 April 2026•

1 min read

Pagaya Technologies Closes $500 Million AAA-Rated Auto Asset-Backed Securitization

Key Facts

1Pagaya Technologies announced the closing of a $500 million AAA-rated auto asset-backed securitization (ABS) transaction.

Pagaya Technologies has successfully closed its RPM-2026-2 transaction, a $500 million securitization of auto loans. The transaction achieved a prestigious AAA rating, underscoring the high quality of the underlying collateral and robust investor protection. By leveraging its proprietary AI-driven product solutions, Pagaya aims to provide institutional investors with access to premium credit assets. This closing marks another milestone for the company’s established RPM shelf, demonstrating consistent execution in the asset-backed securities market. The deal highlights strong investor confidence in Pagaya’s technology-led approach to credit underwriting and risk management. This liquidity event is expected to further strengthen the company's balance sheet and support its ongoing expansion in the fintech sector.

Sources: