By Jennifer Kang 16 Mar 2021 Fintech platform Pagaya priced a $900m fully pre-funded securitization, its largest ever deal as well as one of the biggest transactions seen in the sector. The transaction was 2.75 to 3 times oversubscribed, according to the company. Pagaya uses data analytics and artificial intelligence to purchase certain marketplace loans from marketplace lending platforms and originating banks. Its securitizations are “hybrid” in that sense, because Pagaya does not originate its own loans. Rather, Pagaya AI Debt Selection Trust 2021-1 is fully prefunded, where ... Already a subscriber? Login