OneMain Financial to leverage Pagaya Technologies for underwriting & more
Pagaya Technologies and OneMain Financial announced a new partnership on Tuesday with the goal of offering consumers responsible access to credit.
Through this partnership, OneMain’s nonprime auto finance business will leverage Pagaya’s technology to support the company’s ability to serve more qualified customers that are outside its existing credit criteria.
The two firms are also working to expand their partnership towards a broader enterprise agreement, according to a news release.
“We’re thrilled to partner with OneMain as we continue to expand our lending products and grow our partner network,” Pagaya Technologies president Sanjiv Das said. “This partnership represents our continued commitment to helping the country’s largest lenders provide more financial opportunity to their customers with our tech-enabled lending solution.”
OneMain COO Micah Conrad added, “Our partnership with Pagaya allows us to continue to serve hardworking Americans by furthering access to auto loans. We look forward to working toward a broader enterprise partnership with Pagaya.”