Fintech Startup Pagaya Secures Additional $115 Million Asset-Backed Security
Pagaya uses machine learning algorithms and big data analytics to manage institutional assets
Last month, the company announced it had secured $100 million for investment in asset-backed securities, also led by Cantor Fitzgerald. In February, the company announced its first $100 million in asset-backed securities.
Founded in 2016, Pagaya uses machine learning algorithms and big data analytics to manage institutional assets. With this additional funding, Pagaya now has more than $750 million in assets under management, according to the company’s statement. The company’s investors include Israel's Bank Leumi, former American Express CEO Harvey Golub, and Thai bank Siam Commercial Bank.