Pagaya’s AI lending platform processes $3.5 trillion in loan applications
Pagaya Technologies Ltd.’s share was trading at $15.64 as of June 1st. The company’s trailing and forward P/E were 13.96 and 5.27 respectively.
The business model is capital-light because Pagaya does not hold most of the loans it recommends, instead facilitating origination for partner banks and monetizing through securitization and servicing fees.
Pagaya’s algorithm evaluates borrower profiles across multiple variables including cash flow, repayment behavior, credit scores, and alternative data, creating a compounding data advantage that strengthens underwriting accuracy over time.