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 and is backed by 18 investors. In June 2022, Pagaya became public on NASDAQ.

Business overview

Pagaya is a Fintech & Insurtech company that specializes in data-driven investment management within the fixed income and alternative credit markets. The company leverages a proprietary technology suite that incorporates advanced machine learning and big data analytics. Pagaya serves a diverse clientele, including institutional and high net-worth investors such as banks, pension plans, foundations, and private wealth, offering solutions in asset management, risk management, and portfolio management globally.

Strategic signal

In April 2026, Pagaya closed a $500 million AAA-rated Auto ABS transaction, demonstrating continued investor confidence in its asset-backed securities programs. This event signals strong market validation for Pagaya's AI-driven credit underwriting models and its ability to attract significant capital, reinforcing its position as a key player in the alternative credit market.

Company Intelligence Q&A

What was a significant recent financial milestone for Pagaya?

In April 2026, Pagaya closed a $500 million AAA-rated Auto ABS transaction, demonstrating continued investor confidence in its asset-backed securities programs.

When did Pagaya become a public company?

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

What was a key strategic partnership announced by Pagaya in 2023?

In September 2023, Pagaya announced a partnership with Westlake Financial, highlighting the growth of Pagaya’s auto product offering.

What leadership change did Pagaya announce in September 2024?

In September 2024, Rajinder Singh, a former executive from Citi and U.S. Bank, joined Pagaya as Chief Risk Officer.

What was the nature of Pagaya's funding round in February 2024?

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