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Pagaya Builds on Multi-Year Partnership with Upgrade to Expand Point-of-Sale Loans

  • Pagaya Technologies Ltd. has expanded its long-term partnership with Upgrade, Inc. to integrate Pagaya's AI-driven credit decisioning into Upgrade's Flex Buy Now, Pay Later solution.
  • This collaboration marks a milestone as the companies move beyond personal loans to address a new asset class at the point of sale.
  • The initial phase of the expansion targets the travel merchant segment to extend seamless monthly payment options to a broader customer base.
  • Pagaya's real-time underwriting capabilities will enable Upgrade to responsibly offer Flex Pay financing across its extensive network of travel partners.
  • Upgrade's credit products are issued by Cross River Bank, Blue Ridge Bank, & Celtic Bank, with the company headquartered in San Francisco, California.