News Release Details

• RPM-2026-2 is the largest Auto ABS deal in Pagaya’s history
• More than $3.5 billion of capital raised year-to-date to fund all asset classes in Pagaya’s ABS program

NEW YORK--(BUSINESS WIRE)--Apr. 24, 2026-- Pagaya Technologies LTD. (NASDAQ: PGY) ("Pagaya" or the “Company”), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced the closing of RPM-2026-2, a $500 million auto asset-backed securitization (ABS). Pagaya’s RPM shelf, now in its seventh year, continues to be a trusted source of high-quality collateral serviced by the country’s top auto lenders.

“The successful execution of RPM-2026-2 is a testament to the trust we’ve built within the investment community over the last seven years,” said Sahil Chandiramani, Head of Capital Markets at Pagaya. “As we shift toward higher quality credit and application flow via our network of lenders, we are seeing increasing demand in our auto program from top-tier institutional partners, reflecting enduring confidence in our ability to deliver consistent execution and performance across our platform.”

Sixteen unique investors participated in this transaction, the majority of whom were repeat investors. Since 2018, Pagaya has raised more than $37 billion across 88 ABS transactions to fund loan originations across multiple products, including personal loan, point of sale, and auto.

About Pagaya Technologies
Pagaya (NASDAQ: PGY) is a global technology company making life-changing financial products and services available to more people nationwide, as it reshapes the financial services ecosystem. By using machine learning, a vast data network and an AI-driven approach, Pagaya provides comprehensive consumer credit and residential real estate products for its partners, their customers, and investors. Its proprietary API and capital solutions integrate into its network of partners to deliver seamless user experiences and greater access to the mainstream economy. Pagaya has offices in New York and Tel Aviv. For more information, visit pagaya.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260424616932/en/

Investors & Analysts
ir@pagaya.com

Media & Press
press@pagaya.com

Source: Pagaya Technologies LTD.