Pagaya Technologies, a prominent technology firm specializing in artificial intelligence for the financial sector, has completed RPM-2026-2, a $500 million auto asset-backed securitization, representing the largest transaction of its kind in the company’s history.
This deal drew interest from sixteen distinct investors, with most being recurring participants. Following this closing, Pagaya’s total capital raised in 2026 has now surpassed $3.5 billion across various asset classes within its asset-backed securities program.
Entering its 17th year, Pagaya’s RPM shelf has become a trusted provider of high-quality collateral sourced from leading auto lenders nationwide. Since initiating its first asset-backed securities deal in 2018, the company has successfully secured over $37 billion across 88 transactions, which include personal loans, point-of-sale financing, and auto products.
Pagaya is recognized for its deployment of machine learning and extensive data networks, alongside AI-driven tools that facilitate consumer credit and residential real estate offerings for its partners and their clients. The firm’s proprietary API and capital solutions effectively integrate into a wide-ranging partner network, enhancing user experiences and expanding access to financial services.
Sahil Chandiramani, head of capital markets at Pagaya, commented, “The successful execution of RPM-2026-2 is a testament to the trust we’ve built within the investment community over the last seven years.”
“As we focus on higher quality credit and application flow through our network of lenders, there is a growing demand in our auto program from top-tier institutional partners, demonstrating ongoing confidence in our capability to deliver consistent results and performance across our platform.”