Pagaya provides an AI-powered lending platform that connects lenders to a network of over 150 institutional investors via low‑latency APIs, delivering sub‑second credit decisions and off‑balance‑sheet funding. The solution automates underwriting, compliance, and funding workflows for personal, auto, and point‑of‑sale loans, enabling banks, credit unions, fintechs, and dealer finance groups to increase approval rates and loan volume without additional capital exposure.
Funding
$500M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional lending workflows rely on static credit models and manual underwriting, causing many credit‑worthy applicants to be declined and limiting lenders’ ability to expand their credit box without taking on additional balance‑sheet risk. This results in lost revenue, higher customer churn, and slower loan processing.
Solution
Pagaya operates an AI‑driven lending network that connects lenders’ origination systems to a pool of over 150 institutional investors via low‑latency APIs. Its machine‑learning engine evaluates loan applications in real time, delivering instant credit decisions while adhering to U.S. regulatory and data‑security standards. Approved loans are funded off‑balance sheet through the network, allowing partners to grow their credit exposure without capital outlay. The platform also provides tools for dynamic verification, best‑offer pricing, and targeted marketing to increase conversion rates and deepen customer relationships. Seamless integration lets lenders retain their brand experience while expanding product offerings across personal, auto, and point‑of‑sale financing.
Target Audience
Primary customers are banks, credit unions, fintech platforms, auto lenders, dealer finance groups, and point‑of‑sale merchants seeking to expand credit access and improve loan conversion without additional capital risk.
Features
- Real‑time AI credit scoring trained on 3.2 trillion loan applications, delivering sub‑second decision latency via RESTful API integration.
- Off‑balance‑sheet funding through a diversified network of 150+ institutional investors, eliminating balance‑sheet risk for lenders.
- Modular product suite: PGY Extended Platform, PGY Best Offer, Fast Pass (auto), Dynamic Verification, PGY Affiliates, and PGY Prescreen for proactive marketing.
- Built‑in compliance engine aligned with U.S. fair‑lending, data‑security, and risk‑management regulations.
- Automated workflow that routes approved applications directly to funding, reducing operational costs and manual verification effort.
- Predictive analytics and AI‑driven offer optimization to increase approval rates and customer retention.
- Scalable architecture supporting personal loans, auto loans, and point‑of‑sale financing across banks, credit unions, fintechs, and dealer networks.