Pagaya Announces Addition of Two New Partners, Scaling Its Lending Network with a Top Five Bank in the U.S. and Top Four Auto Captive
2023年10月25日 - 9:15PM
ビジネスワイヤ(英語)
A top five bank in the U.S. to gain access to Pagaya’s
tech-enabled credit-decisioning product
One of the world’s leading automakers to utilize Pagaya's
technology to approve more auto loans across all of its car brands
nationwide
Pagaya Technologies Ltd. (NASDAQ: PGY) (the “Company” or
“Pagaya”), a global technology company delivering artificial
intelligence infrastructure for the financial ecosystem, announced
it has onboarded two new partners to its premier tech-enabled,
two-sided lending network: a top five bank in the US and a top four
auto captive lender. With the addition of these two new strategic
partners, the Company expects to be able to substantially grow its
network volume.
Pagaya’s unique tech-enabled credit-decisioning product suite
enables its new top tier bank and auto captive partners to approve
more consumer loans, as well as new and used auto loans. By
connecting to Pagaya's integrated and seamlessly embedded lending
technology, these partners will have the ability to expand and
deepen their customer relationships to a more diverse group of
borrowers, grow origination volumes, strengthen brand affinity and
increase revenues, all without taking on incremental credit
risk.
“These two new additions to the Pagaya lending network represent
a step function change in our scale and ability to work with the
largest financial institutions in the US. We remain laser-focused
on helping banks and auto captive lenders grow their customer base
through our unique product offering, which I will expand upon in
our upcoming earnings call on November 2nd,” said Gal Krubiner,
Co-Founder and CEO of Pagaya. “These new partnerships continue to
pave the way for a more inclusive financial ecosystem, which is
core to our mission of enabling more financial opportunities to
more people, more often.”
About Pagaya Pagaya (NASDAQ: PGY) is a global technology
company making life-changing financial products and services
available to more people nationwide, as it reshapes the financial
services ecosystem. By using machine learning, a vast data network
and a sophisticated AI-driven approach, Pagaya provides
comprehensive consumer credit and residential real estate solutions
for its partners, their customers, and investors. Its proprietary
API and capital solutions integrate into its network of partners to
deliver seamless user experiences and greater access to the
mainstream economy. Pagaya has offices in New York and Tel Aviv.
For more information, visit pagaya.com.
Cautionary Note On Forward-Looking Statements This Press
Release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. Words such as
“may,” “will,” “expect,” “plan,” “anticipate,” “estimate,” “intend”
and similar expressions (as well as other words or expressions
referencing future events, conditions or circumstances) are
intended to identify forward-looking statements. These
forward-looking statements may include, but are not limited to,
statements regarding the impact of the new partnerships on Pagaya’s
business, the ability of Pagaya to provide these new partnerships
with smarter, more efficient credit-decisioning and approval of
more loan and new and used car opportunities for customers, and the
ability of the new partners to expand their customer base to a more
diverse group of borrowers and grow origination volume without
taking on incremental risk. These forward-looking statements are
based on Pagaya’s expectations and assumptions as of the date of
this Report. Each of these forward-looking statements involves
risks and uncertainties. Actual results may differ materially from
those expressed or implied by these forward-looking statements. For
a discussion of risk factors that may cause Pagaya’s actual results
to differ from those expressed or implied in the forward-looking
statements in this Report, you should refer to Pagaya’s filings
with the SEC, including Pagaya’s most recent Form 20-F,
particularly the section entitled “Risk Factors”. Except as
required by law, Pagaya undertakes no obligation to publicly update
any forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by law.
You should, therefore, not rely on these forward-looking statements
as representing Pagaya’s views as of any date subsequent to the
date of this Report.
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version on businesswire.com: https://www.businesswire.com/news/home/20231025884757/en/
Jency John Head of Investor Relations IR@pagaya.com
Emily Passer Head of PR & External Communications
Press@pagaya.com
Pagaya Technologies (NASDAQ:PGY)
過去 株価チャート
から 5 2024 まで 6 2024
Pagaya Technologies (NASDAQ:PGY)
過去 株価チャート
から 6 2023 まで 6 2024