Pagaya

Company Overview

Snapshot

Founded in March 2016 by Gal Krubiner, Yahav Yulzari, and Avital Pardo, Pagaya operates with 201–500 employees. The company has raised a total of $433.55 million across 13 funding rounds from 18 investors. In June 2022, Pagaya became public on NASDAQ.

Business overview

Pagaya is a Fintech & Insurtech company that specializes in data-driven investment management within the fixed income and alternative credit markets. The company leverages proprietary technology, including advanced machine learning and big data analytics, to develop its solutions. Pagaya serves a diverse clientele, including institutional investors, high net-worth individuals, banks, pension plans, foundations, and private wealth markets, operating within the broader financial services sector.

Strategic signal

In September 2025, Pagaya was highlighted as a profitable fintech innovator, signaling strong financial performance and market validation for its AI-driven approach. This indicates a positive trajectory for investors, demonstrating the company's ability to translate its technological advancements into sustainable profitability within the competitive fintech landscape.

Company Intelligence Q&A

What was a significant recent financial event for Pagaya?

In September 2024, Pagaya announced the pricing of an upsized $140 million exchangeable senior notes offering at a 45% exchange premium.

When did Pagaya go public?

Pagaya went public on NASDAQ in June 2022.

What was a key partnership announced by Pagaya in 2023?

In September 2023, Pagaya announced a partnership with Westlake Financial, highlighting the growth of Pagaya’s auto product.

What was a notable leadership appointment at Pagaya in 2024?

In September 2024, Rajinder Singh, a former executive from Citi and U.S. Bank, joined Pagaya as Chief Risk Officer.

What was a recent debt financing round for Pagaya?

In February 2024, Pagaya closed a credit facility with BlackRock and JPMorgan Chase.