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Pagaya Technologies Ltd. - PGY STOCK NEWS

Welcome to our dedicated page for Pagaya Technologies Ltd. news (Ticker: PGY), a resource for investors and traders seeking the latest updates and insights on Pagaya Technologies Ltd. stock.

Pagaya Technologies Ltd., a financial technology company, is revolutionizing the lending marketplace through the use of advanced machine learning, big data analytics, and AI-driven credit analysis technology. By leveraging its proprietary API, Pagaya seamlessly integrates with an extensive network of partners to enhance the customer experience and provide greater access to credit. The company primarily generates its revenue from the United States and has been a key player in modernizing the credit industry.

Pagaya’s core business focuses on offering cutting-edge solutions that improve the efficiency and accuracy of credit assessments. This helps financial institutions make better lending decisions, ultimately benefiting both lenders and borrowers. The firm’s technology harnesses the power of artificial intelligence to analyze vast amounts of data, ensuring that credit evaluations are both thorough and reliable.

Recent achievements include significant partnerships with leading financial institutions, enhancing their ability to serve a wider range of customers. These collaborations have allowed Pagaya to expand its reach and influence within the credit industry.

Current projects at Pagaya involve the continuous refinement of its AI algorithms and the expansion of its data analytics capabilities. These efforts aim to further streamline the credit assessment process, making it even more efficient and user-friendly.

Financially, Pagaya Technologies Ltd. has shown robust performance, with a strong revenue stream primarily from its services in the United States. The company's focus on innovation and strategic partnerships has positioned it as a leader in the fintech space.

Overall, Pagaya Technologies Ltd. is dedicated to reshaping the credit landscape, providing a comprehensive solution that benefits the entire credit ecosystem. Its commitment to leveraging advanced technology to improve credit access and user experience highlights its significance in the financial technology sector.

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Start-Up Nation Central (SUNC) (IL) reports that Israel's tech ecosystem remains resilient despite ongoing challenges, with 29 investment rounds totaling nearly $1 billion. Notable investments include $265 million for Next Insurance and significant M&A deals in the cybersecurity and health tech sectors. Nvidia's Israel-1 supercomputer is operational two months ahead of schedule, and an international campaign highlighting Israel's tech sector resilience has been launched. Israel's high-tech sector contributes 18% to the nation's GDP, employs 14% of its workforce, generates 30% of income taxes, and drives 50% of exports.
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Pagaya Technologies (PGY) closes $300 million rated transaction, reaching $1.4 billion year-to-date in auto issuance and $6.3 billion year-to-date across all ABS transactions. The company has raised a total of more than $18 billion in ABS transactions since 2018 using its fully pre-funded model, driving consistent demand for its investment product.
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Pagaya Technologies, Ltd. (NASDAQ: PGY) announced the departure of CFO Michael Kurlander and the appointment of Evangelos Perros as Interim CFO. The company is conducting a search for a permanent successor, engaging a leading executive recruitment firm to lead the process. Kurlander will remain in an advisory role through the end of the year to support the transition. Perros, who was named Deputy CFO in September 2023, is credited with building out the strategic finance function and leading Investor Relations, Corporate Development, and Strategy.
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Pagaya (NASDAQ: PGY) closes its 45th asset-backed securitization (ABS) and 13th in 2023, with $693 million of asset-backed notes purchased by qualified institutional buyers. The company has raised over $18 billion in ABS transactions since 2018 and remains the #1 personal loan ABS issuer in the U.S., solidifying its reputation as the benchmark issuer of this product.
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Pagaya Technologies Ltd. announced that its management team will participate in several upcoming investor conferences, including Stephens Annual Investment Conference, J.P. Morgan Ultimate Services Investor Conference, JMP Securities Financial Services Conference, Wells Fargo 7th Annual TMT Summit, and UBS Global Technology Conference. A webcast replay of the presentation at the UBS Global Technology Conference will be available on the Pagaya investor relations website.
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Pagaya Technologies Ltd. (NASDAQ: PGY) announced its financial results for the third quarter and nine months ended September 30, 2023. The company exceeded its Q3 guidance on all metrics, including record network volume of $2.1 billion, record total revenue and other income of $211.8 million, and record adjusted EBITDA of $28.3 million. Pagaya also announced new partner integrations and raised its outlook for full-year 2023 Network Volume, Total Revenue and Other Income, and Adjusted EBITDA.
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Pagaya Technologies announces the appointment of Abhijit Chaudhary as its new Chief Product Officer. Chaudhary brings over 20 years of experience in product strategy for fintech and consumer finance companies. His expertise will help Pagaya scale its product offering and create more financial opportunities. The company aims to expand its product suite and onboard more financial institutions onto its network.
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Rithm Capital and Darwin Homes announce a strategic partnership to establish Adoor Property Management LLC, a new property management platform for Rithm's build-to-rent and single-family rental homes. The partnership will leverage Darwin's technology platform to enhance operational efficiencies and the resident experience. The goal is to grow the portfolio of high-quality homes and meet the demand for accessible and affordable rental housing.
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Pagaya announces new partnerships with a top five US bank and a top four auto captive lender, expecting to substantially grow its network volume. The partnerships will allow the partners to approve more consumer loans and expand their customer relationships.
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Thought leaders to discuss innovative uses of technology and data solutions for financial inclusion at Money20/20 conference.
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FAQ

What is the current stock price of Pagaya Technologies Ltd. (PGY)?

The current stock price of Pagaya Technologies Ltd. (PGY) is $9.57 as of November 22, 2024.

What is the market cap of Pagaya Technologies Ltd. (PGY)?

The market cap of Pagaya Technologies Ltd. (PGY) is approximately 679.8M.

What does Pagaya Technologies Ltd. do?

Pagaya Technologies Ltd. uses machine learning, big data analytics, and AI-driven technology to improve the credit assessment process.

Where does Pagaya Technologies Ltd. generate most of its revenue?

Pagaya Technologies Ltd. generates the majority of its revenue from the United States.

How does Pagaya Technologies Ltd. improve the credit ecosystem?

Pagaya improves the credit ecosystem by providing advanced AI technology that enables more accurate and efficient credit assessments.

What recent achievements has Pagaya Technologies Ltd. made?

Recently, Pagaya has formed significant partnerships with leading financial institutions, expanding its reach and impact in the credit industry.

What are the current projects at Pagaya Technologies Ltd.?

Current projects include refining AI algorithms and expanding data analytics capabilities to improve the credit assessment process.

Why is Pagaya Technologies Ltd. significant in the fintech sector?

Pagaya is significant because it leverages advanced technology to enhance credit access and user experience, positioning it as a leader in fintech.

Who are Pagaya Technologies Ltd.'s partners?

Pagaya has partnerships with various leading financial institutions, which help to broaden its service offerings and reach.

How does Pagaya Technologies Ltd. use its proprietary API?

Pagaya's proprietary API integrates with its partner network to streamline the credit process and provide a premium user experience.

What technology does Pagaya Technologies Ltd. use for credit analysis?

Pagaya uses machine learning, big data analytics, and sophisticated AI-driven technology for credit analysis.

What is Pagaya Technologies Ltd.'s mission?

Pagaya's mission is to reshape the lending marketplace by using advanced technology to improve credit access and assessments.

Pagaya Technologies Ltd.

Nasdaq:PGY

PGY Rankings

PGY Stock Data

679.84M
49.94M
18.12%
52.53%
7.94%
Software - Infrastructure
Finance Services
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United States of America
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