Pagaya secures up to $700M forward-flow auto-loan deal
Pagaya Technologies says it secured up to $700M in a first forward-flow auto loan deal with Neuberger Specialty Finance and added payments veteran Jason Gardner to its board.
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PGY Pagaya: Secures Up to $700M Auto Loan Forward Flow Agreement With Neuberger ⠀ · Deal marks Pagaya's second auto forward flow transaction and first with Neuberger Specialty Finance. · Pagaya's auto network reached $4.8B in annualized volume last quarter and generated >75% of year-over-year network volume growth. · Agreement adds committed, longer-term funding capacity for auto loan purchases.
PGY Pagaya: Secures Up to $700M Auto Loan Forward Flow Agreement With Neuberger ⠀ • Deal marks Pagaya's second auto forward flow transaction and first with Neuberger Specialty Finance. • Pagaya's auto network reached $4.8B in annualized volume last quarter and generated >75% of year-over-year network volume g