Pagaya Technologies Ltd.

Pagaya Technologies Ltd. is a product-focused technology company that uses data science and proprietary artificial intelligence-powered technology to provide financial services. Its main product is Decline Monetization, which allows partners to automatically send rejected loan applications to Pagaya's network, enabling them to approve customers they would otherwise decline. Other products include Dual Look, which assesses applications concurrently with partners in real time; First Look, which routes designated segments of loan applications to the network for evaluation; Affiliate Optimizer Engine, a customer acquisition tool for originating loans through third-party affiliate channels; Direct Marketing Engine, which helps partners target and acquire new customers through direct channels; and FastPass, which accelerates the transaction process. The company serves financial technology companies, incumbent banks and financial institutions, auto finance providers, and residential real estate service providers in the United States, Israel, and the Cayman Islands.

Pagaya Technologies Ltd. is listed on the Nasdaq Capital Market (NasdaqCM) under the ticker symbol PGY. The company trades in US Dollars (USD), as it is headquartered in the United States and its primary listing is on a US exchange. The NasdaqCM is a market tier of the Nasdaq stock exchange that lists early-stage and growth companies, making it a suitable venue for Pagaya, which was founded in 2016 and operates in the technology and financial services sectors.

Pagaya Technologies Ltd. operates in the Technology sector, specifically within the Software - Infrastructure industry. This classification reflects the company's focus on developing and deploying software infrastructure that leverages artificial intelligence and data science to power financial services. As a software infrastructure company, Pagaya provides the technological backbone for its partners—such as banks, fintech firms, and auto finance providers—to enhance their lending processes through AI-driven decision-making and network-based loan approvals.

Pagaya Technologies Ltd. is headquartered in New York, New York, United States. The company was founded in 2016 and serves markets in the United States, Israel, and the Cayman Islands. Its partners include financial technology companies, incumbent banks and financial institutions, auto finance providers, and residential real estate service providers. By operating across these geographies, Pagaya leverages its AI-powered technology to help partners approve more loan applications and expand their customer base, particularly by monetizing declined applications through its network.

Pagaya Technologies generates revenue primarily by enabling its partners—such as banks, fintech companies, and auto finance providers—to approve more loans through its AI-powered network. Its flagship product, Decline Monetization, allows partners to send rejected loan applications to Pagaya's network, where the company uses its technology to find investors willing to fund those loans. Other products like Dual Look and First Look facilitate real-time or pre-routed application assessments, while Affiliate Optimizer Engine and Direct Marketing Engine help partners acquire new customers. Pagaya likely earns fees or a share of the loan economics for each transaction processed through its platform. The company's technology serves institutional and sophisticated investors, indicating that it may also generate revenue by connecting these investors with loan assets originated through its network.