Pagaya Technologies Ltd. (NASDAQ:PGY) ("Pagaya"), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced a new partnership with Sezzle (NASDAQ:SEZL), the digital financial platform designed to empower the next generation of consumers. Through the partnership, Sezzle will embed Pagaya's AI underwriting platform at the point of sale to help more qualified borrowers access an installment loan product, issued by WebBank, while preserving a seamless Sezzle customer experience. Merchants that enable Sezzle payments will see added value with higher approval rates and basket sizes.

"This partnership allows Sezzle long-term lending customers to access greater spending power, while keeping the experience simple, transparent, and entirely within the Sezzle ecosystem," said Amin Sabzivand, Chief Operating Officer of Sezzle. "By integrating Pagaya's decisioning tools alongside our core product, we're giving shoppers more choice at checkout and helping merchants unlock higher-value transactions without added complexity."

Pagaya continues to develop embedded decisioning tools and financing products that help lenders responsibly expand consumer spending power through higher limits and longer-term financing. Pagaya's product provides simultaneous decisioning to ensure a seamless customer experience while driving greater merchant value without added friction.

"By embedding Pagaya's AI-powered underwriting platform alongside Sezzle's existing decisioning, we can responsibly extend higher spending capacity and more flexible financing options without adding friction for shoppers or merchants," said Sanjiv Das, co-founder and President of Pagaya. "We are fundamentally evolving how we show up at the point of sale by positioning Pagaya as a personal loan provider seamlessly integrated into our partners' platforms. This collaboration allows Pagaya and Sezzle to jointly pursue enterprise-level merchants with a lending product that drives higher approval rates. It's a prime example of how our technology enables partners to offer a more differentiated, comprehensive solution to their biggest merchant clients."

Sezzle joins a growing list of bank and non-bank partners working with Pagaya to unlock greater access to financial services for their customers through unique products built utilizing AI models, real-time decisioning capabilities, and seamless integration designed to yield a better customer experience.