Pagaya wealthtech secures USD 102 mln investment

Monday 22 June 2020 14:41 CET | News

US-based wealthtech Pagaya has secured USD 102 million of Series D funding to develop its technology.

Pagaya uses artificial intelligence (AI) for asset management and institutional investment. The company aims to use the investment to hire more data scientists, develop its technology, continue its pursuit of new asset classes, such as real estate, and other fixed-income assets like auto loans, mortgages, and corporate credit.

The round was led by Aflac Global Ventures, with participation from: Poalim Capital Markets, Viola, Oak HC/FT, Harvey Golub, Clal Insurance, GF Investments, and Siam Commercial Bank (through its digital ventures arm).

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Keywords: Pagaya, funding, US, AI, asset management, institutional investment, real estate, asset classes, fixed-income, auto loans, assets, mortgage, corporate credit, Aflac Global Ventures, Poalim Capital Markets, Viola, Oak HC/FT, Harvey Golub, Clal Insurance Ltd, GF Investments, Siam Commercial Bank
Categories: Banking & Fintech
Countries: United States
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Banking & Fintech

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