Pagaya raises $102 million to manage assets with AI

Pagaya, an AI-driven institutional asset manager that focuses on fixed income and consumer credit markets, today announced it raised $102 million in equity financing.

CEO Gal Krubiner said the infusion will enable Pagaya to grow its data science team, accelerate R&D, and continue its pursuit of new asset classes including real estate, auto loans, mortgages, and corporate credit.