September 15 - 15:09
Fintech company Pagaya set for $8.5bn SPAC merger
Pagaya is to go public via a SPAC merger worth an expected $8.5bn. The Israeli-U.S. fintech manages assets for different financial services organisations, such as banks and insurance companies. It uses artificial intelligence to improve financial processes. Pagaya will merge with the special-purpose acquisition company EJF Acquisition Corp. It was co-founded by former UBS executive Gal Krubiner.
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