Pagaya Technologies Ltd. announced financial highlights for the quarter ended September 30, 2021. Pagaya and EJF Acquisition Corp. announced in September that they have entered into a definitive business combination agreement, valued at an estimated enterprise value of approximately $8.5 billion at closing. Gal Krubiner, Co-Founder and Chief Executive Officer of Pagaya, commented:

“We are pleased to deliver strong third-quarter results, generating record revenue and continuing to expand our partnerships. We remain focused on growing our presence across the unsecured consumer, auto, credit card, point-of-sale, and real estate sectors, and have plans to expand by offering credit solutions for mortgages, insurance, and other data-rich markets. In the immediate future, Pagaya is hyper-focused on integrating its network with banks and Fintech companies across the United States, delivering a comprehensive technology and capital solution that enables them to grow their customer ecosystem in a capital efficient manner.”

Third Quarter 2021 Financial Highlights include:

• $137 million in revenue for the third quarter ending September 30, 2021
• $320 million year-to-date revenue through Q3, over 220% higher than full-year 2020 revenue
• Strong momentum continuing into Q4 2021