Pagaya Technologies Ltd. (PGY) Presents at Morgan Stanley Technology, Media & Telecom Conference 2026 Transcript

SA Transcripts158.83K FollowersFollow5ShareSaveComments Pagaya Technologies Ltd. (PGY) Morgan Stanley Technology, Media & Telecom Conference 2026 March 5, 2026 10:45 AM EST Company Participants Evangelos Perros - Chief Financial Officer Conference Call Participants James Faucette Presentation James Faucette Good morning, everyone. Thank you for joining us here today to kick off the fourth day of the Morgan Stanley TMT Conference. Very pleased to have Pagaya, Evangelos Perros, the CFO, is here. He'll be speaking to us about Pagaya. Before we get started, a quick introduction of myself. I'm James Faucette, Senior Fintech analyst at Morgan Stanley. And before we start our conversation, I do have an important disclosure to read. Please see the Morgan Stanley research disclosure website at morganstanley.com/researchdisclosures. If you have any questions, please reach out to your Morgan Stanley sales representative. So great to have Pagaya at the TMT Conference. For those who don't know, Pagaya, I think it would be great if you gave a brief introduction about the company and where you sit in the broader financial ecosystem? Question-and-Answer Session Evangelos PerrosChief Financial Officer Yes, happy to. And thanks for having me. So think of Pagaya as a tech-enabled network, that connects lending partners on one side and investors on the other side of that network. And we integrate our technology into the lending originating systems for those lending partners, partners like SoFi, Ally, Klarna, U.S. Bank, other Fintechs. And then working today on 3 asset classes, personal loans, auto and POS. Our underwriting technology underwrites these loans on behalf of our partners and then places them in the pockets of institutional vessels on the other side. So it's a B2B2C business model. We don't have a direct exposure to the consumer or interface with the consumer. And along those lines, we basically earn fees for the use of our