Pagaya Launches POSH Asset-Backed Securitization Program to Boost U.S. Point-of-Sale Financing

Pagaya Technologies LTD. (NASDAQ: PGY), a global AI-driven fintech innovator, today announced the launch of POSH (Pagaya Point of Sale Holdings Trust) — a new asset-backed revolving securitization program focused on expanding capital for point-of-sale (POS) financing in the U.S.

By integrating increased funding capacity through POSH with its embedded AI-powered underwriting technology, Pagaya enables lenders to approve more customers at the point of sale, resulting in higher merchant satisfaction and adoption. The inaugural POSH transaction, POSH 2025-1, is a $300 million AAA-rated deal featuring an 18-month revolving period and expected to close next week. This revolving structure allows Pagaya to reinvest capital as loans are repaid, significantly increasing lending capacity and capital efficiency.

Optimized Lending for Short-Term Credit Needs

Pagaya’s POS product is tailored for short-duration loans, typically around six months, targeting credit profiles with scores above 600. This approach empowers lenders to approve more customers while maintaining low credit risk. As demand for POS financing accelerates, POSH delivers scalable capital solutions that support lending partner growth across the ecosystem.

Leadership Insights

Sanjiv Das, Co-Founder and President of Pagaya, said:
“The launch of POSH unlocks a new chapter of strong growth for us in the point-of-sale space. It allows us to support our POS lending partners at scale by powering more approvals and driving greater merchant satisfaction. Our API integration ensures a seamless experience, combining technology and structured finance to meet real market needs in one of the fastest-growing consumer credit segments.”

Gal Krubiner, Co-Founder and CEO of Pagaya, added:
“POSH showcases our leadership in securitization and structured finance. We continue to scale and diversify our lending products and investment offerings while innovating to fuel growth in nascent markets like POS. As the top personal loan ABS issuer in the U.S., we aim to lead the POS ABS market as well.”

Strong Market Demand and Investor Participation

POSH 2025-1 attracted over 20 unique investors, including new and repeat participants from Pagaya’s previous ABS programs. The transaction builds on Pagaya’s momentum in the ABS market, complementing its PAID and RPM securitization programs. Year-to-date, Pagaya has closed over $2.8 billion in rated ABS deals, with nearly $29 billion raised across 71 transactions since inception.

With POSH, Pagaya is set to be a major growth catalyst for U.S. point-of-sale financing, delivering innovative, AI-powered lending solutions paired with robust capital structures. This initiative reinforces Pagaya’s position as a leader in structured finance and fintech innovation.