Pagaya Technologies, a global technology company delivering AI-powered solutions to the financial ecosystem, has closed RPM-2026-2, a $500m auto asset-backed securitisation marking the largest such deal in the company’s history.
The transaction attracted sixteen unique investors, with the majority being repeat participants. The closing brings the company’s total capital raised year-to-date to more than $3.5bn across all asset classes within its ABS programme.
Pagaya’s RPM shelf is now in its 17th year of operation and has established itself as a reliable source of high-quality collateral serviced by leading auto lenders across the country.
Since its first ABS transaction in 2018, the company has raised more than $37bn across 88 transactions, spanning personal loan, point-of-sale and auto products.
Pagaya operates as a global technology business that deploys machine learning, a large-scale data network and AI-driven tools to provide consumer credit and residential real estate products for partners, their customers and investors. Its proprietary API and capital solutions connect into a broad partner network to enable streamlined user experiences and wider access to financial services.
Pagaya head of capital markets Sahil Chandiramani said, “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.
“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.”
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