PGY

Pagaya Reports First Quarter 2024 Results

Retrieved on: 
Thursday, May 9, 2024
Professional Services, Data Management, Technology, Software, Fintech, Artificial Intelligence, POS, Economics, PGY, Intelligence, GAAP, Growth, Cryptocurrency

Pagaya Technologies Ltd. (NASDAQ: PGY) (“Pagaya”, the “Company” or “we”), a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, today announced financial results for the quarter ending March 31, 2024.

Key Points: 
  • Pagaya Technologies Ltd. (NASDAQ: PGY) (“Pagaya”, the “Company” or “we”), a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, today announced financial results for the quarter ending March 31, 2024.
  • The Company expanded its POS business with a bank partner, set to go live on our network in the second half of 2024.
  • Pagaya continues to expand its presence in one of the fastest-growing consumer credit markets in the U.S., demonstrating the strength of its enterprise-grade product.
  • Net loss attributable to Pagaya shareholders of $21 million improved by $40 million compared to the first quarter of 2023.

KBRA Assigns Preliminary Ratings to Pagaya AI Debt Grantor Trust 2024-5 and Pagaya AI Debt Trust 2024-5

Retrieved on: 
Thursday, May 2, 2024
Professional Services, Finance, ABC, Class, Machine learning, PGY, KBRA, Certificate, Power amplifier classes, Credit, ABS, Note, Telescopic sight

KBRA assigns preliminary ratings to seven classes of notes issued by Pagaya AI Debt Grantor Trust 2024-5 and Pagaya AI Debt Trust 2024-5 (collectively “PAID 2024-5”), a consumer loan ABS transaction.

Key Points: 
  • KBRA assigns preliminary ratings to seven classes of notes issued by Pagaya AI Debt Grantor Trust 2024-5 and Pagaya AI Debt Trust 2024-5 (collectively “PAID 2024-5”), a consumer loan ABS transaction.
  • PAID 2024-5 has initial credit enhancement levels of 63.43% for the Class A Notes to 6.69% for the Class E Notes.
  • Credit enhancement is comprised of overcollateralization, subordination of junior note classes, a cash reserve account funded at closing, and excess spread.
  • This transaction is the 22nd publicly rated securitization sponsored by Pagaya Structured Products LLC (collectively with its affiliates, “Pagaya” or the “Company”).

KBRA Assigns Preliminary Ratings to Pagaya AI Debt Grantor Trust 2024-S1 and Pagaya AI Debt Trust 2024-S1

Retrieved on: 
Monday, April 22, 2024
Professional Services, Finance, ABC, Class, Machine learning, PGY, KBRA, Certificate, Power amplifier classes, Credit, ABS, Class F, Telescopic sight

KBRA assigns preliminary ratings to seven classes of notes issued by Pagaya AI Debt Grantor Trust 2024-S1 and Pagaya AI Debt Trust 2024-S1 (collectively “PAID 2024-S1”), a consumer loan ABS transaction.

Key Points: 
  • KBRA assigns preliminary ratings to seven classes of notes issued by Pagaya AI Debt Grantor Trust 2024-S1 and Pagaya AI Debt Trust 2024-S1 (collectively “PAID 2024-S1”), a consumer loan ABS transaction.
  • PAID 2024-S1 has initial credit enhancement levels of 62.65% for the Class A notes to 8.38% for the Class E notes.
  • KBRA will not be providing ratings on the Class F, the Certificates, and the Class EFR securities.
  • This transaction is the 21st publicly rated securitization sponsored by Pagaya Structured Products LLC (collectively with its affiliates, “Pagaya” or the “Company”).

KBRA Assigns Preliminary Ratings to Pagaya AI Debt Trust 2024-3

Retrieved on: 
Wednesday, March 6, 2024
Banking, Professional Services, Finance, Class, ABS, Credit, ABC, PGY, Class F, Machine learning, KBRA, Power amplifier classes, Telescopic sight

KBRA assigns preliminary ratings to eight classes of notes issued by Pagaya AI Debt Trust 2024-3 (“PAID 2024-3”), a consumer loan ABS transaction.

Key Points: 
  • KBRA assigns preliminary ratings to eight classes of notes issued by Pagaya AI Debt Trust 2024-3 (“PAID 2024-3”), a consumer loan ABS transaction.
  • KBRA will not be providing ratings on the Class F notes.
  • Pagaya Structured Products LLC, the sponsor and administrator, is a 100% owned subsidiary of Pagaya US Holding Company LLC (formerly known as Pagaya Investments US LLC), which is a 100% owned subsidiary of Pagaya Technologies Ltd. (“Pagaya Technologies”), an Israeli corporation.
  • This transaction is the 17th publicly rated securitization sponsored by Pagaya Structured Products LLC (collectively with its affiliates, “Pagaya” or the “Company”).

KBRA Assigns Preliminary Ratings to Research-Driven Pagaya Motor Asset Trust 2024-1 and Research-Driven Pagaya Motor Trust 2024-1

Retrieved on: 
Wednesday, February 21, 2024
Professional Services, Finance, RPM, Class, ABS, Sale, PGY, Machine learning, KBRA, Telescopic sight

KBRA assigns preliminary ratings to four classes of notes issued by Research-Driven Pagaya Motor Asset Trust 2024-1 and Research-Driven Pagaya Motor Trust 2024-1 (collectively “RPM 2024-1”), an auto loan ABS transaction.

Key Points: 
  • KBRA assigns preliminary ratings to four classes of notes issued by Research-Driven Pagaya Motor Asset Trust 2024-1 and Research-Driven Pagaya Motor Trust 2024-1 (collectively “RPM 2024-1”), an auto loan ABS transaction.
  • RPM 2024-1 has initial credit enhancement levels of 39.55% for the Class A notes to 5.00% for the Class D notes.
  • This transaction is the 18th publicly rated securitization sponsored by Pagaya Structured Products LLC (collectively with its affiliates, “Pagaya” or the “Company”).
  • KBRA considered its operational reviews of, as well as periodic update calls with, Pagaya and the third-party originators and servicers.

KBRA Assigns Preliminary Ratings to Pagaya AI Debt Trust 2024-2

Retrieved on: 
Friday, February 9, 2024
Professional Services, Finance, Certificate, Power amplifier classes, KBRA, Machine learning, ABS, Class, PGY, Credit, Class F, Telescopic sight

KBRA assigns preliminary ratings to eight classes of notes issued by Pagaya AI Debt Trust 2024-2 (“PAID 2024-2”), a consumer loan ABS transaction.

Key Points: 
  • KBRA assigns preliminary ratings to eight classes of notes issued by Pagaya AI Debt Trust 2024-2 (“PAID 2024-2”), a consumer loan ABS transaction.
  • KBRA will not be providing ratings on the Class F, Class DEF, the Certificates, and the Class PT notes.
  • Pagaya Structured Products LLC, the sponsor and administrator, is a 100% owned subsidiary of Pagaya US Holding Company LLC (formerly known as Pagaya Investments US LLC), which is a 100% owned subsidiary of Pagaya Technologies Ltd. (“Pagaya Technologies”), an Israeli corporation.
  • This transaction is the 17th publicly rated securitization sponsored by Pagaya Structured Products LLC (collectively with its affiliates, “Pagaya” or the “Company”).

KBRA Assigns Preliminary Ratings to Pagaya AI Debt Trust 2024-1

Retrieved on: 
Wednesday, January 10, 2024
Banking, Professional Services, Finance, Power amplifier classes, Certificate, ABS, KBRA, Class, Credit, PGY, Class F, Machine learning, Telescopic sight

KBRA assigns ratings to eight classes of notes issued by Pagaya AI Debt Trust 2024-1 (“PAID 2024-1”), a consumer loan ABS transaction.

Key Points: 
  • KBRA assigns ratings to eight classes of notes issued by Pagaya AI Debt Trust 2024-1 (“PAID 2024-1”), a consumer loan ABS transaction.
  • KBRA will not be providing ratings on the Class F, Class DEF, the Certificates, and the Class PT notes.
  • Pagaya Structured Products LLC, the sponsor and administrator, is a 100% owned subsidiary of Pagaya US Holding Company LLC (formerly known as Pagaya Investments US LLC), which is a 100% owned subsidiary of Pagaya Technologies Ltd. (“Pagaya Technologies”), an Israeli corporation.
  • This transaction is the 16th publicly rated securitization sponsored by Pagaya Structured Products LLC (collectively with its affiliates, “Pagaya” or the “Company”).

KBRA Assigns Preliminary Ratings to Research-Driven Pagaya Motor Asset Trust 2023-4 and Research-Driven Pagaya Motor Trust 2023-4

Retrieved on: 
Monday, November 13, 2023
Banking, Professional Services, Finance, Sale, KBRA, ABS, RPM, PGY, Class, Machine learning, Telescopic sight

KBRA assigns preliminary ratings to four classes of notes issued by Research-Driven Pagaya Motor Asset Trust 2023-4 and Research-Driven Pagaya Motor Trust 2023-4 (“RPM 2023-4”), an auto loan ABS transaction.

Key Points: 
  • KBRA assigns preliminary ratings to four classes of notes issued by Research-Driven Pagaya Motor Asset Trust 2023-4 and Research-Driven Pagaya Motor Trust 2023-4 (“RPM 2023-4”), an auto loan ABS transaction.
  • RPM 2023-4 has initial credit enhancement levels of 33.25% for the Class A notes to 2.95% for the Class D notes.
  • Credit enhancement is comprised of overcollateralization, subordination of junior note classes (except for the Class D notes), a cash reserve account, and excess spread.
  • This transaction is the 14th publicly rated securitization sponsored by Pagaya Structured Products LLC (collectively with its affiliates, “Pagaya” or the “Company”).

KBRA Assigns Preliminary Ratings to Pagaya AI Debt Trust 2023-7

Retrieved on: 
Monday, October 30, 2023
Banking, Professional Services, Insurance, Finance, PGY, Power amplifier classes, KBRA, La classe de 5e, Credit, Machine learning, BVG Class F, Class, Class F, ABS, Security (finance), Telescopic sight

KBRA assigns preliminary ratings to eight classes of notes issued by Pagaya AI Debt Trust 2023-7 (“PAID 2023-7”), a consumer loan ABS transaction.

Key Points: 
  • KBRA assigns preliminary ratings to eight classes of notes issued by Pagaya AI Debt Trust 2023-7 (“PAID 2023-7”), a consumer loan ABS transaction.
  • KBRA will not be providing ratings on the Class F, Class DEF, Class PT notes and Certificates.
  • Pagaya Structured Products LLC, the sponsor and administrator, is a 100% owned subsidiary of Pagaya US Holding Company LLC (formerly known as Pagaya Investments US LLC), which is a 100% owned subsidiary of Pagaya Technologies Ltd. (“Pagaya Technologies”), an Israeli corporation.
  • This transaction is the 13th publicly rated securitization sponsored by Pagaya Structured Products LLC (collectively with its affiliates, “Pagaya” or the “Company”).

Plugfest Advances Adoption of MIPI I3C Designs

Retrieved on: 
Tuesday, September 26, 2023
Hardware, IOT (Internet of Things), Semiconductor, Automotive Manufacturing, Security, Manufacturing, Technology, Audio, Video, Apps, Applications, Other Manufacturing, Automotive, Software, Vehicle Technology, Internet, Mobile, Wireless, PGY, Learning, SPI, MIPI, Tektronix, MIPI Alliance, Cadence Design Systems, IP Group, SSP, Electronics, ST, Internet of things, I3C (bus), MIPI I3C, Multimedia, Cadence, Blog, IP, DDR5, Intel, Microchip Technology, Car, Plugtest, Series, STMicroelectronics, MEMS, Knowledge, JEDEC, Ecosystem, MIPI Debug Architecture, Modem, FPGA, TC, Total, Cadence Design Systems, Inc. v. Avanti Corp, Mobile phone, 3D printing, Video game, Asset management, I3C

The publicly available, royalty-free MIPI I3C Basic is a subset of I3C that bundles the most commonly needed I3C features for developers and other standards organizations.

Key Points: 
  • The publicly available, royalty-free MIPI I3C Basic is a subset of I3C that bundles the most commonly needed I3C features for developers and other standards organizations.
  • Public versions of MIPI I3C Basic and MIPI Debug for I3C are available to download and use by developers and the open-source community.
  • “The MIPI I3C and Debug for I3C Plugfest exemplified the power of collaboration to foster seamless integration and efficiency across a breadth of applications, reinforcing the immense potential of the I3C specification.”
    The next I3C and Debug for I3C plugfest is planned for 2024 in conjunction with the 67th member meeting in Taipei, Taiwan.
  • Cadence has a strong I3C IP offering, and our participation in the plugfest facilitates the broad adoption of the MIPI I3C standard.”
    “Interoperability testing is an important step in validating new product designs," said Matthew Schnoor, debug architect with Intel Corporation.