Pagaya Technologies raises $102mn

June 18, 2020 | FinTech

Written by FinTech Alliance

Pagaya Technologies raises $102mn

AI FinTech Pagaya has raised £102mn Series D funding.

In Brief:

  • The round was led by GIC.

  • It also included Aflac, Aflac Global Ventures, Poalim Capital Markets, Viola, Oak HC/FT, Clal Insurance, GF Investments and Siam Commercial Bank.

  • Pagaya manages institutional money with an AI, machine learning and Big Data solution.

 

What does this mean?

This brings total funding raised to date to $147mn, and the firm manages over $1.6bn in assets for various kinds of financial institutions. The finding will help develop its AI solution which Pagaya says will give investors a “performance edge” in a volatile climate.

Read more here.

 

 

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