Pagaya Investments

AI-driven asset management for institutions

New York City, New York, United States

About Pagaya Investments

Pagaya Investments specializes in managing institutional money through the use of artificial intelligence. The company focuses on creating financial products like asset-backed securities (ABS) by utilizing advanced machine learning and big data analytics. This technology helps Pagaya 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. The company generates revenue by issuing and managing ABS, which are overseen by AI, offering a distinct advantage to institutional investors. Pagaya stands out from competitors with its emphasis on collaboration and technological advancement, allowing it to quickly identify opportunities and develop comprehensive solutions. With a track record of issuing over $1 billion in ABS in just a year and a half, Pagaya demonstrates significant growth potential and capability.

New York City, New YorkHeadquarters
2016Year Founded
$480.7MTotal Funding
IPOCompany Stage
Fintech, AI & Machine Learning, Financial ServicesIndustries
501-1,000Employees

Benefits

Health Insurance
Paid Vacation
Flexible Work Hours

Risks

Increased competition from AI-driven companies like Rocket Companies.
Integration challenges from acquiring Tally Technologies' intellectual property.
Rapid expansion could strain resources and lead to operational inefficiencies.

Differentiation

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 specializes in asset-backed securities, providing unique value to institutional investors.

Upsides

Pagaya raised $1 billion in ABS deals, showing strong capital markets demand.
Acquisition of Tally's tech enhances Pagaya's embedded finance solutions.
Strategic Advisory Board aims to accelerate Pagaya's business expansion.

Funding

Total raised$480.73 M
Latest valuation$8.50 B
StageIPO
POST IPO CONVERTIBLE
3/31/2023
$75
SPAC IPO
5/31/2022
$250
$8.50 B
SPAC PRIVATE PLACEMENT
5/31/2022
$350
$8.50 B
$200
SEED
10/31/2017
$2
$10.00 M