𝐌𝐚𝐫𝐤𝐞𝐭 𝐍𝐞𝐰𝐬 – 𝐉𝐮𝐥𝐲 𝟏𝟓, 𝟐𝟎𝟐𝟓 📈
𝐌𝐚𝐫𝐤𝐞𝐭 𝐍𝐞𝐰𝐬 – 𝐉𝐮𝐥𝐲 𝟏𝟓, 𝟐𝟎𝟐𝟓 📈
Pagaya and Castlelake Sign $ 2.5 Billion Personal Loan Agreement
Pagaya Technologies has announced a new agreement with Castlelake to purchase up to $ 2.5 billion in personal loans over a 16-month period. This deal builds on their initial partnership from early 2024, which involved a $ 1 billion commitment over 12 months.
The new agreement aims to support the expansion of Pagaya’s personal loan program and strengthen its network of lending partners. A spokesperson highlighted that this extended deal—more than double the original amount—demonstrates the robustness of Pagaya’s platform and its ability to deliver large-scale credit assets to institutional investors.
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