Pagaya

Pagaya is a financial technology company that applies artificial intelligence and machine learning to consumer credit decisioning. It operates a network model in which lending partners — including banks, credit unions, and fintech lenders — submit loan applications that Pagaya's AI evaluates in real time. When Pagaya's models identify creditworthy borrowers that a partner's own criteria might decline, Pagaya facilitates the funding of those loans, typically through asset-backed securities and institutional investors. This approach allows lending partners to increase approval rates and origination volumes without taking on additional balance-sheet risk. Pagaya's platform covers multiple consumer credit verticals, including personal loans, auto loans, home equity, and point-of-sale financing. The company positions its technology as complementary to existing underwriting systems rather than a replacement, integrating into partners' existing workflows via API. Pagaya is publicly traded on Nasdaq (PGY) and serves a range of financial institution partners across the United States.