Pagaya Technologies LTD., a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced the closing of a $500 million AAA-rated personal loan ABS transaction (PAID 2025-2).

Since 2018, Pagaya has raised over $27 billion across 67 ABS transactions to fund loan originations across multiple products, including personal loan and auto.

“As the leading ABS issuer of personal loans in the US, and with our AAA-rated transactions, we continue to see demand from investors who appreciate Pagaya’s track record of stable asset performance,” said Sahil Chandiramani, Pagaya’s Head of Capital Markets. “We’re executing at a continued declining cost of capital and with more efficient structures, which significantly reduces our risk retention levels.”