User:PAGUSIL/sandbox/PAGAYA (Company)

= PAGAYA (Company) =

PAGAYA is a global, data-driven financial technology company reshaping the future of finance for investors, lending partners, and consumers through the use of machine learning. The company utilizes an artificial intelligence platform, focused on fixed income and consumer credit markets, to bring more efficient credit evaluations and more accurate assessments.

The company has stated that it is the first to use artificial intelligence to evaluate and buy loans for sourcing consumer asset backed securities. In contrast to traditional loan evaluation, PAGAYA’s AI technology selects and buys loans by analyzing emerging alternative asset classes, assessing risk, and drawing on “millions” of signals to predict returns. It sources loans from companies such as LendingClub, Prosper Marketplace, Upstart, and other consumer lenders. PAGAYA has since expanded beyond marketplace loans to include assets, such as point-of-sale loans, credit cards, single family rentals and most recently auto credit. Investors in the company securities include pension funds, sovereign wealth funds, and other institutions, as well as other asset managers.

PAGAYA was founded in 2016 by Gal Krubiner, CEO and former banker; Avital Pardo, CTO and former Fundbox data scientist; and Yahav Yulzari, CRO and owner of real estate development company, Galya Global. The company has 300 employees across its offices in New York and Tel Aviv.

PAGAYA’s investors include Viola Ventures, Clal Insurance, GF Investments, Siam Commercial Bank’s Digital Ventures, GIC, and former chairman and CEO of American Express and Pagaya board member Harvey Golub, among others.