Fintech Startup Pagaya Raises $25 Million
Pagaya uses machine learning algorithms and big data analytics to manage institutional assets
Tel Aviv and New York-based fintech startup Pagaya Investment Israel Ltd. has raised $25 million in a series C funding round led by Connecticut-based venture capital firm Oak HC/FT Partners LLC, Pagaya announced Wednesday.
Founded in 2016, Pagaya uses machine learning algorithms and big data analytics to manage institutional assets. Pagaya has $450 million in assets under management and employs 30 people, according to the company’s statement. Pagaya has raised over $115 million to date, according to Pitchbook data.
Pagaya co-founders Gal Krubiner (left), Avital Pardo, and Yahav Yulzari. Photo: Inbal Marmari
Israel-based insurance company Clal Insurance Enterprises Holdings Ltd., former American Express CEO Harvey Golub, Thai bank Siam Commercial Bank, and existing investor Viola Ventures also participated in the round.