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About Pagaya
Industries
Fintech
AI & Machine Learning
Financial Services
Company Size
201-500
Company Stage
IPO
Headquarters
New York City, New York
Founded
2016
Overview
Pagaya specializes in managing institutional money through the use of artificial intelligence. The company focuses on the asset management market, particularly in creating asset-backed securities (ABS). Its products work by utilizing advanced machine learning and big data analytics to find profitable opportunities in complex financial markets. By collaborating with tech-enabled firms, Pagaya enhances its understanding of consumer behavior and its effects on credit markets. Unlike its competitors, Pagaya actively manages ABS with AI, offering a distinct advantage to institutional investors. The company's goal is to quickly identify opportunities and develop comprehensive solutions while fostering a culture of collaboration and technological advancement.
Simplify's Take
What believers are saying
- Pagaya closed a $500M consumer loan ABS deal, showing strong investor demand.
- Acquisition of Tally Technologies enhances Pagaya's consumer credit management solutions.
- Pagaya's $1B ABS deals capitalize on growing demand in low-interest-rate environments.
What critics are saying
- Integration challenges from acquiring Tally Technologies may affect operational efficiency.
- Rapid expansion through acquisitions could strain Pagaya's financial resources.
- Over-reliance on ABS revenue stream makes Pagaya vulnerable to market fluctuations.
What makes Pagaya unique
- Pagaya uses AI and big data to manage institutional money effectively.
- Pagaya Pulse platform offers a scalable performance edge with state-of-the-art algorithms.
- Pagaya's focus on ABS provides a unique value proposition to institutional investors.
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Funding
Total Funding
$7798.2M
Above
Industry Average
Funded Over
9 Rounds
Benefits
Health Insurance
Paid Vacation
Flexible Work Hours
Growth & Insights and Company News
6 month growth
â -2%1 year growth
â -1%2 year growth
â -2%Pagaya Technologies LTD. (NASDAQ: PGY) (
Pagaya Technologies LTD. (NASDAQ: PGY) (
Pagaya Technologies LTD. (NASDAQ: PGY) (
LendingClub Corporation (NYSE: LC), operator of America's leading digital marketplace bank, and Pagaya Technologies LTD (NASDAQ: PGY), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced that they partnered together to acquire the intellectual property behind Tally Technologies, Inc. ("Tally"). Tally's innovative technology simplified credit card management, helping users optimize payments, reduce interest, and improve credit health. Tally's consumer solution allowed users to link credit cards, automate card payments, and adopt strategies to lower interest costs and avoid late fees. The company also created an embedded, white-label business-to-business credit card debt management platform leveraging the same functionality. LendingClub uses proprietary technology and data to provide consumers with compelling solutions to reduce the cost of their debt and pay it off more quickly. This transaction will accelerate the evolution
Pagaya Technologies LTD. (NASDAQ: PGY) (
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About Pagaya
Industries
Fintech
AI & Machine Learning
Financial Services
Company Size
201-500
Company Stage
IPO
Headquarters
New York City, New York
Founded
2016
There are no jobs for Pagaya right now.
Find jobs on Simplify and start your career today
People Also Viewed
Discover companies similar to Pagaya