Pagaya Technologies Enters Forward-Flow Agreement with Neuberger Unit to Sell Up to $700M in Auto Loans
Pagaya Technologies has entered into a new forward-flow agreement with the asset-based finance arm of Neuberger, under which it will sell up to $700 million worth of auto loans sourced through its network. The companies announced this partnership on Wednesday, marking Pagaya's first such arrangement in this space. The deal is expected to provide additional liquidity and scale for Pagaya by leveraging the infrastructure and expertise of Neuberger’s asset-based finance unit. This collaboration could also help expand access to financing options for consumers through Pagaya’s network while offering a steady flow of high-quality assets to its partner. From a market perspective, this partnership signals growing institutional confidence in Pagaya's ability to source and package auto loans efficiently.
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Topics: asset-based finance auto loans forward-flow agreement