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.
