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OneMain to utilize Pagaya's technology to serve Auto Finance customers outside its existing credit criteria
Pagaya Technologies Ltd. (NASDAQ:PGY) (the "Company" or "Pagaya"), a global technology company delivering AI-driven product solutions for the financial ecosystem, and OneMain Financial (NYSE:OMF) ("OneMain"), the leader in offering nonprime consumers responsible access to credit, today announced a new partnership.
Pagaya's proprietary, AI-driven lending technology enables fintechs, banks, and other loan originators to provide broader credit access for their customers. Through this partnership, OneMain's auto lending business will leverage Pagaya's technology to support the company's ability to serve more qualified customers that are outside its existing credit criteria. The two firms are also working to expand their partnership towards a broader enterprise agreement.
