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 (PGY) is a fintech innovator leveraging machine learning to transform credit analysis and lending infrastructure. This dedicated news hub provides investors and industry professionals with essential updates on PGY's AI-driven solutions, strategic partnerships, and market developments.
Access real-time announcements including quarterly earnings, product innovations, and leadership changes. Our curated collection ensures you stay informed about PGY's API integrations, risk management advancements, and contributions to the evolving credit ecosystem.
Key updates across multiple categories: financial results, technology patents, regulatory compliance milestones, and partnership expansions with financial institutions. Bookmark this page for streamlined access to PGY's latest machine learning applications in credit decisioning and data-driven lending solutions.
Pagaya Technologies (NASDAQ: PGY) reported exceptional first-quarter 2024 results, surpassing guidance on all metrics. The company achieved a record network volume of $2.42 billion, total revenue of $245 million, and adjusted EBITDA of $40 million. Pagaya also onboarded a bank partner for its point-of-sale product, demonstrating strong growth in the U.S. consumer credit market. The company raised $1.9 billion across 5 transactions, expanded its funding network with 18 new investors, and strengthened its financial position. Pagaya's positive financial performance reflects its commitment to delivering financial opportunities for consumers.
Pagaya Technologies , a global technology company, will be participating in several upcoming investor conferences in May 2024. The company's management team will attend events such as the Oppenheimer 9th Annual Emerging Growth Conference, Needham 19th Annual Technology, Media & Consumer Conference, and more. Webcast replays will be available on the Pagaya investor relations website.
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