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Pagaya Technologies Ltd. , a global AI-driven financial technology company, has entered into a forward flow agreement with Sound Point Capital Management, LP, a leading alternative credit manager with over $45 billion in assets under management. Under the agreement, Sound Point will purchase up to $720 million of point-of-sale (POS) loans originated through Pagaya’s platform. This marks Pagaya’s first forward flow transaction for its POS program and highlights strong institutional demand for its high-quality consumer credit assets.
This forward flow transaction represents a key step in scaling Pagaya’s rapidly growing POS business through efficient, repeatable capital solutions. By partnering with long-term institutional investors like Sound Point, Pagaya continues to build a diversified funding ecosystem that supports expansion across its core product verticals.
“Pagaya has built a differentiated, institutional-grade platform for accessing consumer credit. We’re excited to partner with Pagaya to support the continued growth of its point-of-sale strategy, while offering our investors consistent exposure to short-duration assets with highly attractive risk-adjusted returns and durable income,” said Philip Bartow, Head of Specialty Finance and Fintech Lending & Portfolio Manager at Sound Point.
Pagaya’s predictive AI technology enables responsible expansion of consumer credit by facilitating access to high-quality assets for its network of lending partners. The POS vertical, in particular, has seen strong demand from institutional investors seeking reliable, short-duration credit exposure.
“We are proud to partner with Sound Point on our inaugural point-of-sale forward flow transaction,” said Sanjiv Das, President and Co-founder of Pagaya. “Together, we’re connecting capital with the responsible expansion of consumer credit opportunities - through a product that resonates and is in strong demand by institutional investors. This agreement is an important milestone as we continue to efficiently scale our point-of-sale business.”
Pagaya complements its public ABS program with private capital partnerships to create a robust funding foundation. This approach ensures scalability, resilience, and efficient capital deployment across personal loans, auto loans, and point-of-sale products, positioning the company to meet growing demand in the consumer credit market.
About Sound Point Capital Management
Sound Point Capital Management is a diversified alternative asset management firm with an expertise in credit. Based in New York City, with offices in London, Greenwich, West Palm Beach, and San Francisco, the firm manages money on behalf of institutional investors including top‑tier pensions, foundations, insurance companies, wealth management firms, and family offices. Sound Point's strategies span the spectrum of liquid and illiquid credit alternatives and include funds and managed accounts focused on leveraged loans, special situations, distressed debt, structured credit, direct lending, and commercial real estate. Sound Point currently manages approximately $45 billion in assets and was founded by Stephen J. Ketchum, who is the controlling shareholder. Stone Point Capital LLC principals, a third-party permanent capital fund managed by the Dyal Capital division of Blue Owl Capital Inc., and Assured Guaranty U.S. Holdings Inc. are strategic investors in the firm.
About Pagaya Technologies
Pagaya is a global technology company making life-changing financial products and services available to more people nationwide, as it reshapes the financial services ecosystem. By using machine learning, a vast data network and an AI-driven approach, Pagaya provides consumer credit and other products for its partners, their customers, and investors. Its proprietary API and capital solutions integrate into its network of partners to deliver seamless user experiences and greater access to the mainstream economy.
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