Pagaya Technologies expanded its multi-year partnership with fintech firm Upgrade, Inc. The company will integrate its AI-driven credit analysis platform into Upgrade’s Buy Now, Pay Later (BNPL) solution, Flex Pay.
This expansion moves the collaboration beyond personal loans and into the point-of-sale financing market. The initial phase targets the travel merchant sector, where Flex Pay is currently used by numerous brands.
Upgrade will use Pagaya’s technology to offer BNPL financing to a broader customer base at the point of purchase. The move allows Pagaya to diversify revenue streams and increase its presence in the point-of-sale business.