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