Pagaya Closes $650M Auto ABS Deal, Marking 100th Securitization

Key Facts

1Pagaya Technologies closed a $650 million asset-backed securitization (ABS) deal backed by auto loans.

2This transaction marks the company's 100th ABS deal since its first securitization in 2018.

3The company has raised over $44 billion to fund loan originations across multiple asset classes since 2018.

Pagaya Technologies closed a $650 million asset-backed securitization (ABS) deal backed by auto loans. Business Wire reported that the transaction, designated as RPM 2026-5, marks the company's 100th ABS deal since its first securitization in 2018.

The company has raised over $44 billion to fund loan originations across multiple asset classes since 2018. In equity markets, PGY closed at $18.22 on October 9, 2026, having traded between a day low of $18.03 and a high of $18.52 during that session.