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Pagaya Announces $102 Million Series D Funding Round

Jun 17, 2020•over 5 years ago

Amount Raised

$102 Million

Round Type

series d

New York

Description

Pagaya, a global financial technology company using artificial intelligence (AI) to reshape asset management and institutional investment, today announced a $102 million Series D funding round led by a prominent strategic financial institution. Aflac Global Ventures (the venture capital holding company of top insurance firm, Aflac Incorporated), Poalim Capital Markets (the investment banking arm of Bank Hapoalim), Viola, Oak HC/FT, Harvey Golub (Pagaya board member and former Chairman and CEO of American Express), Clal Insurance Ltd., GF Investments, and Siam Commercial Bank (through its Digital Ventures arm) participated in the round.

Company Information

Company

Pagaya

Location

New York, New York, United States

About

Pagaya is a financial technology company reshaping asset management using machine learning and big data analytics to manage institutional money. With a focus on fixed income and alternative credit, Pagaya offers a variety of discretionary funds to institutional investors, including pension funds, insurance companies, and banks. Pagaya’s unique technology platform, Pagaya Pulse, runs on a suite of artificial intelligence technologies and state-of-the-art algorithms to consistently deliver a high and scalable performance edge. The firm’s total consumer credit ABS issuance is over $1 billion. Founded in 2016 by seasoned finance and technology professionals, Pagaya has headquarters in New York and Tel Aviv.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech