Pagaya Technologies (PGY) has expanded its partnership with Upgrade to integrate its AI-powered credit decisioning technology into Upgrade’s Buy Now, Pay Later (BNPL) platform, Flex Pay. This collaboration, announced recently, shifts from a focus on personal loans to the rapidly growing BNPL market, aiming to enhance credit decision efficiency and widen accessibility for consumers.
The integration is expected to streamline the financing application process for Flex Pay users, initially targeting the travel sector, where it is already in use by thousands of merchants. By leveraging Pagaya’s advanced credit assessment capabilities, Upgrade aims to support responsible lending while facilitating more flexible payment options at checkout.
The expanded partnership aligns with Pagaya’s strategy to diversify its offerings beyond personal loans and strengthen its presence in point-of-sale (POS) financing, with the potential of extending technology to more merchant categories if successful.
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