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Industries
Fintech
AI & Machine Learning
Financial Services
Company Size
201-500
Company Stage
IPO
Total Funding
$480.7M
Headquarters
New York City, New York
Founded
2016
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 identify profitable opportunities in complex financial markets. By collaborating with tech-enabled firms, Pagaya enhances its understanding of consumer behavior, which is crucial for credit markets. Unlike its competitors, Pagaya actively manages ABS with AI, offering a distinct advantage to institutional investors. The company's goal is to issue and manage ABS effectively, as evidenced by its achievement of over $1 billion in ABS issuance within a year and a half, while fostering a culture of collaboration and technological advancement.
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Total Funding
$480.7M
Above
Industry Average
Funded Over
9 Rounds
Health Insurance
Paid Vacation
Flexible Work Hours
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) (
Innovation is no good to the businesses that fail to embrace it. But as advanced technologies to streamline payments and financial data management reshape competition in commercial payments, the transformation of business-to-business (B2B) payments is taking center stage this month as PYMNTS, together with industry experts, dissect the technologies, strategies and collaborations that are reimagining what commercial payments could be. The first week of the Outlook 2030 event centers on how platform and network models are impacting business payments. Week Two covers interoperability and data standards, while Week Three lands on closed vs. open networks. We end the month with the lifeblood of any company: cash flow
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Industries
Fintech
AI & Machine Learning
Financial Services
Company Size
201-500
Company Stage
IPO
Total Funding
$480.7M
Headquarters
New York City, New York
Founded
2016
Find jobs on Simplify and start your career today