Pagaya is a financial technology company that focuses on fixed income and alternative credit to offer a variety of discretionary funds to institutional investors (including pension funds and sovereign wealth funds), insurance companies and banks.
Pagaya is reshaping the asset management space using machine learning and big data analytics to manage institutional money.
Pagaya was founded in 2016 by Gal Krubiner, Avital Pardo and Yahav Yulzari. The company is headquartered in New York, New York, with an office in Tel Aviv, Israel.
Pagaya has built the first comprehensive loan-level database utilizing a hybrid of machine learning and financial technologies designed to produce low-risk, high-yield portfolio strategies, resulting in above-market returns.
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.
Pagaya is backed by Oak HC/FT, Aflac Global Ventures, Poalim Capital Markets, Viola, Harvey Golub, Clal Insurance Ltd., GF Investments and others. The company raised $102M in Series D round on June 17, 2020. This brings Pagaya's total funding to $221.3M to date.