Cost-CuttingManagement’s announcement of significant cost-cutting initiatives should drive $25M in annual operating savings.
EarningsShares of Pagaya traded up 20% as the company reported strong first-quarter results, with better network volume, revenue, EBITDA, and margin metrics than expected, and affirmed its 2024 guidance.
PartnershipsPagaya added a top 5 payments provider, Elavon, to its network, which is set to go live in 2H'24.