Pagaya Secures $720 Million Forward Flow Agreement with Sound Point Capital to Expand AI-Powered Point-of-Sale Lending Platform
Pagaya Technologies Ltd. (NASDAQ: PGY), a global technology company delivering AI-driven financial solutions, has announced a new forward flow agreement with Sound Point Capital Management, LP, a leading global alternative credit manager with over $45 billion in assets under management. Under the agreement, Sound Point will purchase up to $720 million in point-of-sale (POS) loans originated through Pagaya’s digital lending platform. The deal expands Pagaya’s capacity to provide fast, data-driven financing solutions to consumers and merchants, leveraging its proprietary AI and machine learning models to assess credit risk and streamline loan approvals. The forward flow arrangement enables Pagaya to scale its POS lending operations while securing committed capital from a trusted institutional partner. This partnership underscores the growing demand for AI-powered financial infrastructure and strengthens Pagaya’s position as a key player in the digital lending space.
