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Pagaya to sell up to $700M of auto loans to Neuberger unit in forward-flow pact (PGY:NASDAQ)

Top view of red toy car on notebook with calculator and money, representing vehicle purchase planning, auto insurance, car loan and financial decision concept.

Phiwath Jittamas

Pagaya Technologies (PGY) will sell up to $700M of auto loans sourced through its network to the asset-based finance arm of Neuberger under a new forward-flow agreement, the companies said Wednesday.

The deal is Pagaya’s (PGY) first forward-flow agreement

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