Pagaya, an artificial intelligence (AI) powered investment manager, announced on Wednesday it has closed its sixth capital markets transaction for a $200 million asset-backed security (ABS), which was led by structuring agent Cantor Fitzgerald. The transaction brings Pagaya’s total assets under management (AUM) to $1.5 billion…. Read More
Chinese marketplace lending platform Yirendai (NYSE: YRD) announced on Thursday it has made incremental progress in facilitating consumer loan products with asset-backed security (ABS) structure. This news comes just a couple weeks after the online lender entered into an agreement of intent with the Beijing branch of… Read More
Yirendai Ltd. (NYSE: YRD), an online consumer finance marketplace in China, announced this week it will be considered as the first online consumer finance marketplace in China facilitating consumer loan products with asset-backed security (“ABS”) structure. Yirendai reported that as part of its strategy to diversify and expand… Read More
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