Pagaya

Company Overview

Snapshot

Founded in March 2016 by Gal Krubiner, Yahav Yulzari, and Avital Pardo, Pagaya operates with 201–500 employees. The company has raised a total of $433.55 million across 13 funding rounds from 18 investors. In June 2022, Pagaya became public on NASDAQ.

Business overview

Pagaya is a Fintech & Insurtech company that develops a proprietary technology suite for data-driven investment management in fixed income and alternative credit markets. Its core technology leverages advanced machine learning and big data analytics. The company serves a diverse range of institutional and high net-worth investor markets, including banks, pension plans, foundations, and private wealth, operating within the broader financial services and investment management sectors.

Strategic signal

Pagaya is demonstrating strong momentum in its asset-backed securitization programs. In April 2026, the company closed a $500 million AAA-rated Auto ABS transaction, signaling continued investor confidence in its data-driven approach to credit underwriting. This follows a $400 million RPM Auto ABS transaction in December 2025, which contributed to a record annual ABS issuance. These events indicate Pagaya's ability to consistently attract significant capital for its lending products, reinforcing its position as a key player in the alternative credit market and suggesting a robust financial trajectory for investors.

Company Intelligence Q&A

What was a significant recent funding event for Pagaya?

In April 2026, Pagaya closed a $500 million AAA-rated Auto ABS transaction, demonstrating continued investor confidence in its financial products.

What was a key strategic hire for Pagaya in 2024?

In September 2024, former Citi and U.S. Bank executive Rajinder Singh joined Pagaya as Chief Risk Officer, strengthening the company's leadership in risk management.

What was a notable partnership announced by Pagaya in 2023?

In September 2023, Pagaya announced a partnership with Westlake Financial, showcasing the growth and strength of Pagaya’s auto product offerings.

What was Pagaya's most recent debt financing round with disclosed investors?

In February 2024, Pagaya secured debt financing from investors including BlackRock and JPMorgan Chase.

When did Pagaya become a public company?

Pagaya became public on NASDAQ in June 2022, following shareholder approval of its proposed business combination with EJF Acquisition Corp.