20 June 2022

Pagaya to complete SPAC merger

Written By FinTech Alliance

Pagaya to complete SPAC merger

Pagaya, a FinTech valued at $8.5bn, will complete its Special Purpose Acquisition Company (SPAC) merger this week.

In Brief: 

Pagaya is an Israeli FinTech offering AI-powered credit analysis. 

It will begin trading on the NASDAQ later this week following a merger with EJF Acquisition Corp.

EJF originally brought $288mn into the transaction.  

What does this mean? 

Many investors became involved in the Private Investment into Public Equity (PIPE) including names like Tiger Global and Singapore’s sovereign wealth fund. 

Read more here.  

Up Next ...
01 July 2022

Spotlight on... Sim Singh-Landa, Praetura Ventures 

As FinTech remains male dominated, we regularly highlight the career ...

01 July 2022

Finastra launches embedded ‘alternative’ BNPL product

Financial software business Finastra has launched a new buy now, ...

01 July 2022

BNPL FinTech Zilch raises £41mn

Zilch, a buy now pay later FinTech, has raised €47.9mn ...

01 July 2022

GPS appoints new CEO - Joanne Dewar becomes Vice Chair

 Global Processing Services CEO Joanne Dewar has moved into the ...

More in FinTech

Revolut appoints new CEO for US business

30 June 2022

Revolut has announced that Sid Jajodia has been appointed US ...

Marqeta expands API capabilities

30 June 2022

Marqeta is expanding its platform with over 40 new APIs. In ...

Bank of London partners with SAP Fioneer

29 June 2022

The Bank of London, the UK’s tech-led clearing bank, has ...

Wise announces 33% revenue growth

29 June 2022

Money transfer app Wise, formerly TransferWise, has announced a 33% ...

White Papers FinTech

Sustainability Superheroes – A how-to guide to ESG for Fintechs

22 June 2022

The rules of the game are shifting. Since the 1970s, business leaders have sought to maximise the pu...

White Papers FinTech

Erlang Solutions: FinTech Trends for 2022

21 June 2022

This report brings together industry research and expert views from the FinTech world to share knowl...

White Papers FinTech

Changing the face of UK FinTech: focusing on gender diversity and equality

09 June 2022

EY and Innovate Finance joined forces to look at gender diversity and how the FinTech sector can bec...

White Papers FinTech

OpenPayd: Embedded Finance Research Report

12 May 2022

Are large brands outside of the FinTech bubble really taking embedded finance seriously? Are they pu...

Atomic Series: London

Atomic Series: London

02 July 2022

01:30 PM - 06:00 PM

Huckletree Shoreditch, 18 Finsbury Square, Alphabeta Building, London, Shoreditch, EC2A 1AH

Free
FinTech Week London

FinTech Week London

11 July 2022

09:00 AM - 10:00 PM

London

Free
NayaOne - Fintech Week London Drinks Reception

NayaOne - Fintech Week London Drinks Reception

12 July 2022

05:00 PM - 08:00 PM

Finsbury SQ, Finsbury Square, London, London, EC2A 1DX

Free
How Technology Can Answer the Questions Still Unanswered in Fintech

How Technology Can Answer the Questions Still Unanswered in Fintech

12 July 2022

06:00 PM - 09:00 PM

CodeNode, 10 South Place, London, London, EC2M 7EB

Free