Sound Point Capital Management has struck a $720m (£525.4m) forward flow agreement with Pagaya Technologies, an artificial intelligence (AI) lending network.
Under the agreement, the $45bn global alternative credit manager has purchased $720m of point-of-sale (POS) loans sourced through Pagaya’s platform.
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This marks Pagaya’s first forward flow transaction for its POS programme. Its AAA-rated POS evolving asset-backed securitisation programme was launched in May 2025 and has so far raised $3bn in prospective funding capacity.
“Pagaya has built a differentiated, institutional-grade platform for accessing consumer credit,” said Philip Bartow, head of specialty finance and fintech lending and portfolio manager at Sound Point. “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.”
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Pagaya is a fintech company that uses AI to identify high-quality consumer loans for banks and lenders, while also assisting with funding. Its capabilities span personal loans, auto loans and POS financing.
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