Pagaya Technologies (PGY) said Monday it completed an upsized $800 million AAA-rated asset-backed securities transaction backed by personal loans.
The company said the deal attracted participation from 39 investors and increases its personal loan ABS issuance in 2026 to nearly $4 billion.
Pagaya said the collateral backing the latest transaction included personal loans originated by new network partners, including Upstart and Achieve.
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