June 17 - 11:06
Pagaya raises $102 million for AI-powered asset management
Pagaya has landed $102 million from a new funding round. The Israeli startup specialises in asset management. Its platform leverages artificial intelligence for securitisation and loan collateralisation. The company manages over $1.6 billion of assets for banks, insurers and other financial services providers. Pagaya now plans to hire more data scientists and improve its technology.
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