Pagaya Technologies Ltd

Pagaya Technologies Ltd. engages in the development of AI and data networks for the financial industry. Its product deploys data science, machine learning and AI technology to evaluate the customers? applications in real time. The company was founded by Gal Krubiner, Yahav Yulzari and Avital Pardo on March 20, 2016 and is headquartered in Tel Aviv, Israel.

Earnings data Q3 2023

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Pagaya Technologies Ltd. engages in the development of AI and data networks for the financial industry. Its product deploys data science, machine learning and AI technology to evaluate the customers? applications in real time. The company was founded by Gal Krubiner, Yahav Yulzari, and Avital Pardo on March 20, 2016 and is headquartered in Tel Aviv, Israel.

NEW YORK--(BUSINESS WIRE)--Pagaya Technologies LTD. (NASDAQ: PGY) ("Pagaya" or “the Company”), a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, today announced the closing of RPM 2023-3, its 42nd asset-backed securitization (ABS) and its 10th in 2023. Pagaya has funded more than $900 million of auto loans through its ABS program this year. In this latest deal, qualified investors purchased $268 million of asset-backed notes, expected to.

Pagaya Closes $281 Million Auto ABS Deal, its 10th ABS Transaction in 2023

NEW YORK--(BUSINESS WIRE)--Pagaya Technologies LTD. (NASDAQ: PGY) ("Pagaya" or “the Company”), a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, and Värde Partners, a leading global alternative investment firm specializing in credit and credit-related assets, announced the closing of PAID 2023-S2, continuing a partnership to provide funding and growth for credit unions. In the current macroenvironment, coupled with regulatory requirements.

Pagaya and Värde Continue Partnership to Provide Capital Support to Credit Unions

NEW YORK--(BUSINESS WIRE)-- #KBRA--KBRA assigns ratings to eight classes of notes issued by Pagaya AI Debt Trust 2023-6 (“PAID 2023-6”), a consumer loan ABS transaction. PAID 2023-6 has initial credit enhancement levels of 59.15% for the Class A notes to 7.70% for the Class E notes. Credit enhancement is comprised of overcollateralization, subordination of junior note classes, a cash reserve account, and excess spread. PAID 2023-6 will issue six classes of notes totaling $594 million with KBRA rating t.

KBRA Assigns Preliminary Ratings to Pagaya AI Debt Trust 2023-6

NEW YORK--(BUSINESS WIRE)-- #KBRA--KBRA assigns ratings to four classes of notes issued by Research-Driven Pagaya Motor Asset Trust 2023-3 and Research-Driven Pagaya Motor Trust 2023-3 (“RPM 2023-3”), a consumer loan ABS transaction. RPM 2023-3 has initial credit enhancement levels of 31.61% for the Class A notes to 3.10% for the Class D notes. Credit enhancement is comprised of overcollateralization, subordination of junior note classes, a cash reserve account, and excess spread. RPM 2023-3 will issue.

KBRA Assigns Preliminary Ratings to Research-Driven Pagaya Motor Asset Trust 2023-3 and Research-Driven Pagaya Motor Trust 2023-3

NEW YORK--(BUSINESS WIRE)--Pagaya Technologies Ltd. (NASDAQ: PGY) (the “Company” or “Pagaya”), a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, has announced a partnership with Westlake Financial, an automotive fintech company with almost $24 billion in assets under management, originating indirect automotive retail installment contracts through a nationwide network of new and used auto dealers. With this expansive partnership, Westlake'.

Pagaya Announces Partnership with Westlake Financial, Showcasing Strength of Pagaya's Fast-Growing Auto Product

NEW YORK & TEL AVIV, Israel--(BUSINESS WIRE)--Pagaya Technologies Ltd. (“Pagaya” or the “Company”), a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, announced today that the Company's management team will participate in the following investor conferences: H.C. Wainwright 25th Annual Global Investment Conference Date: September 11, 2023 Location: New York, NY Barclays Global Financial Services Conference Date: September 12, 2023 Location:.

Pagaya to Participate in Upcoming Investor Conferences

Pagaya is using artificial intelligence to disrupt the financial industry.

Is Pagaya Technologies an Excellent AI Stock to Buy Now?

Pagaya Technologies Ltd. aims to democratize access to financial products and services using data science and AI technology. Pagaya operates under a B2B2C model, connecting financial institutions with investors seeking exposure to consumer assets. Pagaya's revenue growth rates are expected to improve in 2024, with potential mid-teens growth rates.

Why Pagaya Technologies Surpasses Upstart's Tech

Pagaya Technologies is a two-sided, B2B network that helps loan originators (lenders) and loan buyers (institutional investors) unleash the power of AI-based lending through superior credit underwriting. Amid Fed's aggressive monetary tightening, Pagaya has showcased incredible business resiliency over the past year. And the company looks set for a re-acceleration in coming quarters. Given its relatively tiny scale (2023E network volume: ~$8B) compared to a humongous TAM (annual loan origination in the US: $4T+), Pagaya has a long, long runway for growth.

My Favorite AI Stock Idea: Pagaya Technologies

Pagaya Systems announced better-than-expected second-quarter results with strong network volumes. The company also raised its full-year outlook for network volumes and adjusted EBITDA.

Why Pagaya Technologies Stock Popped Today

Pagaya Technologies delivered solid 2Q results that showcased an improving financial position for the artificial intelligence infrastructure firm. The New York-based company broke even on an adjusted basis even as analysts were expecting the company to report a loss of $0.02 per share.

Pagaya rallies on strong 2Q results, achieves break-even despite analyst expectations

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Pagaya Technologies Ltd. (NASDAQ:PGY ) Q2 2023 Earnings Conference Call August 10, 2023 5:00 PM ET Company Participants Jency John - Head of Investor Relations Gal Krubiner - Chief Executive Officer Michael Kurlander - Chief Financial Officer Conference Call Participants Eugene Simuni - MoffettNathanson Rayna Kumar - UBS Joseph Vafi - Canaccord Genuity Michael Legg - The Benchmark Company Hal Goetsch - B.

Pagaya Technologies Ltd. (PGY) Q2 2023 Earnings Call Transcript

Pagaya Technologies Ltd. (PGY) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of $0.01.

Pagaya Technologies Ltd. (PGY) Reports Break-Even Earnings for Q2

Pagaya Technologies Ltd. shares rallied in the extended session Thursday after the AI-backed fintech data company's adjusted results and outlook topped Wall Street expectations.

Pagaya stock rallies as AI-backed fintech data company raises profitability outlook

NEW YORK & TEL AVIV, Israel--(BUSINESS WIRE)--Pagaya Technologies Ltd. (NASDAQ: PGY) (“Pagaya”, the “Company” or “we”), a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, today announced financial results for the second quarter and the first half of 2023 and provided its third quarter 2023 and full-year 2023 outlook. For additional information, Pagaya's inaugural letter to shareholders can be accessed here. “We delivered another strong qua.

Pagaya Reports Second Quarter and First Half 2023 Results

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NEW YORK--(BUSINESS WIRE)--Pagaya Technologies Ltd. (NASDAQ: PGY) (“Pagaya”), a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, today announced that its 2023 Annual Meeting of Shareholders will be held virtually on September 13, 2023, beginning at 9:00 a.m. ET / 4:00 p.m. IDT. The virtual meeting website will be accessible prior to the meeting start and shareholders can log in by visiting www.virtualshareholdermeeting.com/PGY2023. Shareho.

Pagaya Schedules 2023 Annual Meeting of Shareholders

NEW YORK & TEL AVIV, Israel--(BUSINESS WIRE)--Pagaya Technologies Ltd. (“Pagaya” or the “Company”), a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, announced today that the Company's management team will participate in the Canaccord Genuity 43rd Annual Growth Conference on Tuesday, August 8th, 2023, in Boston, MA. The presentation is scheduled to begin at 9:00 AM ET. A live webcast and replay from the conference will be available on the.

Pagaya to Participate in Canaccord Genuity 43rd Annual Growth Conference

Pagaya is still demonstrating growth in this rough lending environment. It secured two new rounds of backing from funders.

Why Pagaya Stock Skyrocketed 90% in July

The company is using artificial intelligence to make better lending decisions.

Down 92%, Is This AI Growth Stock a Buy?

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NEW YORK & TEL AVIV, Israel--(BUSINESS WIRE)--Pagaya Technologies (NASDAQ: PGY) intends to announce its second quarter 2023 earnings on August 10, 2023. A conference call to discuss those earnings will be held on the same day at 5:00 p.m. ET / 12:00 a.m. IDT. Details to register for the live webcast presentation and dial-in information will be available on Pagaya's IR website located at investor.pagaya.com. The webcast replay will be available on the IR website following the conclusion of the e.

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