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Pagaya Investments
Artificial intelligence for consumer lending
- 501-1000 employees
- Fintech
- B2B
- Artificial Intelligence
- Lending
- Machine Learning
- 135 E. 57th Street, New York, NY 10022
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Company mission
Pagaya's mission is to forge the future of finance by harnessing the power of artificial intelligence to modernise a limited and inefficient consumer lending system.
Otta's take
Xav Kearney
CTO of Otta
The traditional consumer lending system is widely regarded as inefficient and can limit a lender’s ability to evaluate credit applications. Pagaya Investments is disrupting this system: its platform uses comprehensive learning insights to offer better assessments and more accurate credit evaluations. This allows its customers to rapidly scale their services while reducing the risk of defaults or fraud.
Since launching, the company has grown to manage billions in assets for their clients, which include banks, insurance companies, pension funds, asset managers, and private wealth funds. Visa, Avant and SoFi are major enterprises using Pagaya's AI evaluation to provide credit to underserved customers with a speed and accuracy impossible using traditional methods.
Pagaya has continued to enter new markets each year, having started with personal loans and then expanding into auto loans and real estate. This is demonstrative of the company's ability to scale across markets, and it is now focused on increasing the adoption of its technology by large banks and auto lenders.
Benefits
- Discretionary bonuses
- Work from home opportunities
- Health insurance
Company values
- Continuous Learning: It’s okay to not know something yet, but have the desire to grow and improve
- Win for all: We exist to make sure all participants in the system win, which in turn helps Pagaya win
- Debate and commit: Share openly, question respectfully, and once a decision is made, commit to it fully
- The Pagaya way: Break systems down to their most foundational element, and rebuild them unique to Pagaya
Funding (last 2 of 5 rounds)
Jun 2020
$102m
SERIES D
Apr 2019
$25m
SERIES C
$144.2m
Total funding
This company has top investors
Founders
Gal Krubiner
(CEO)Having served in the Israeli army, Gal worked for ORMOR CAPITAL before co-founding Super Price and spending over 3 years at UBS. He co-founded Pagaya in April 2016, and haas served as CEO since.
Yahav Yulzari
(CRO)Yahav has been Owner of Hamovil Jack Yulzari Limited and Galya Global since 2010 and 2014 respectively. He used this management experience to co-found Pagaya Investments ini April 2016, where he has worked since as CRO.
Avital Pardo
(CTO)He spent many years as an analyst in Israel's Defense Force and as a Data Scientist & Analyst at Fundbox before co-founding Pagaya.
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