Full-Time
Principal Product Manager
Posted on 8/17/2026
Pagaya Investments
201-500 employees
AI-powered asset management and ABS issuance
Compensation Overview
$190k - $230k/yr
New York, NY, USA
In Person
 Product (1) |
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- Eight or more years of progressive product management experience focused on fintech, high-growth business-to-business enterprise platforms, or consumer credit ecosystems.
- Demonstrated experience with application programming interface development, enterprise platform integrations, and developer-facing software products.
- Familiarity with lending, banking rails, or credit risk systems is strongly preferred.
- Exceptional technical fluency and the ability to discuss application programming interface design, platform scalability, and machine learning infrastructure with systems architects, data scientists, and engineering leaders.
- A proven history of operating as a high-impact strategic individual contributor, writing product requirement documents, defining system architectures, and leading cross-functional delivery teams without direct authority.
- A rigorous, data-driven approach to prioritization, success metrics, performance tracking, and continuous product iteration.
- The ability to articulate complex technical and financial concepts to internal executives and external partner stakeholders.
- Drive the multi-year product strategy for Pagaya’s core lending network, aligning business growth objectives with scalable technology solutions.
- Own products from zero-to-one conceptualization through technical specification development, launch, and continuous post-launch optimization.
- Balance immediate revenue-driving partner feature requests against long-term core platform architectural investments.
- Lead product development of high-throughput, low-latency application programming interfaces and developer tooling for enterprise integration by banks, fintechs, and point-of-sale partners.
- Design scalable integration frameworks to reduce partner onboarding timelines, standardize data exchange, and streamline partner configuration.
- Establish documentation, sandboxes, and integration tooling for institutional financial partners.
- Partner with Engineering and Data Science to enhance core underwriting, decisioning, and capital allocation platforms as transaction volume scales.
- Translate machine learning models and credit decisioning workflows into scalable, resilient product features.
- Ensure core systems meet performance, uptime, data security, and compliance standards for enterprise banking environments.
- Advise senior leadership across Product, Engineering, Data Science, and Capital Markets, translating technical trade-offs into business decisions.
- Collaborate with Growth and Partnerships to engage banking and fintech partners and turn market feedback into platform capabilities.
- Elevate product management standards, refine product operations frameworks, and champion data-driven execution.
- Familiarity with lending, banking rails, or credit risk systems.
Pagaya Investments uses artificial intelligence to manage institutional money through asset management products, especially asset-backed securities (ABS). It analyzes large datasets with machine learning to uncover opportunities in complex credit markets and to understand consumer behavior, then issues and actively manages AI-driven ABS for institutional investors. The product works by collecting data, training models to forecast cash flows and credit risk, structuring ABS, and continuously supervising them with AI, often in collaboration with tech-enabled partners. The company differentiates itself through large-scale, AI-powered active management of ABS, data-driven consumer insights, and an ecosystem of partnerships, enabling rapid development of end-to-end financial solutions. Its goal is to grow asset management by delivering AI-enabled financial products that deepen understanding of consumer behavior and improve returns for institutional clients.
Company Size
201-500
Company Stage
IPO
Headquarters
New York City, New York
Founded
2016
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Simplify's Take
What believers are saying
- July 30, 2026 Q2 revenue reached $387 million, up 19% year over year.
- Pagaya raised 2026 GAAP net income guidance to $155 million-$180 million.
- June 2026 funding hit $7.5 billion year-to-date, a company record.
What critics are saying
- Pagaya sued Klarna on May 13, 2026; any counterclaim poisons POS economics.
- Management warned late Q3 and Q4 point-of-sale volume drops after a partner roll-off.
- A frozen ABS market kills originations and collapses Pagaya’s fee revenue.
What makes Pagaya Investments unique
- Pagaya’s AI underwriting processed $3.5 trillion applications, building a proprietary credit dataset.
- Since 2018, Pagaya completed 91 ABS transactions totaling $40 billion.
- June 2026 deals drew 37 and 39 investors, proving repeat institutional demand.
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Benefits
Health Insurance
Paid Vacation
Flexible Work Hours
Growth & Insights and Company News
6 month growth
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↓ -4%Pagaya Technologies raised its full-year 2026 guidance for network volume, revenue, and GAAP net income following strong second-quarter results. The company reported revenue of $387.04 million and net income of $45.27 million for Q2 2026, with diluted earnings per share of $0.49. Management now expects full-year 2026 GAAP net income between $155 million and $180 million, up from previous forecasts. The upgraded guidance reflects stronger operating performance from Pagaya's AI-driven underwriting engine and asset-backed securities funding model. The improved outlook supports the company's strategy of scaling network volume and fee income. However, investors face risks including potential regulatory oversight of AI credit models and credit cycle fluctuations that could impact partner growth and transaction volumes.
Pagaya Technologies reported record Q2 2026 results with network volume reaching $3.5 billion, up 33% year-over-year. Total revenue hit a record $387 million, increasing 19% year-over-year. The company achieved GAAP earnings per share of $0.49 and net income of $45 million, up from $16 million in the prior year. Adjusted EBITDA rose 43% to $124 million with a 32% margin. Core operating expenses decreased 6% year-over-year despite significant volume growth, demonstrating strong operating leverage. The company raised $3.7 billion in funding during the quarter and expanded its investor network to 174 participants. However, fee revenue less production costs as a percentage of network volume contracted 60 basis points sequentially to 4.2% due to product mix and elevated benchmark rates. Pagaya expects point-of-sale volume to decrease in late Q3 and Q4 following a partner roll-off.
Pagaya Technologies Ltd. (NASDAQ: PGY) (“Pagaya”), a global technology company delivering AI-driven product solutions for the financial ecosystem, today anno...
Pagaya Technologies has closed an upsized $900 million AAA-rated asset-backed securities transaction backed by personal loans. The PAID 2026-5 deal attracted 37 investors, including four new to Pagaya's ABS platform and five new to its PAID shelf. The transaction brings Pagaya's year-to-date personal loan ABS issuance to $4.7 billion and total 2026 issuance to $7.5 billion, both company records. Twenty-four new investors have joined Pagaya's ABS platform this year. Sahil Chandiramani, head of capital markets at Pagaya, said the upsizing reflects acceleration of the company's personal loan platform and strong repeat demand from institutional investors. Pagaya uses AI and machine learning to provide consumer credit products through its partner network.
Pagaya Technologies LTD. (NASDAQ: PGY) ("Pagaya" or the “Company”), a global technology company delivering AI-driven product solutions for the financial ecos...