Pagaya Technologies Ltd.

Pagaya Technologies Ltd. is an Israeli-American financial technology company that leverages artificial intelligence (AI) and a vast data network to reshape the financial services ecosystem. Its core mission is to expand access to credit and financial products for more people by modernizing credit assessment and connecting banks, lenders, and institutional investors. Founded in 2016, the company's global corporate headquarters are located in New York City, U.S., while its critical technology development and R&D center remains in Tel Aviv, Israel.

Pagaya's primary offering is an AI-powered decision-making platform that evaluates loan applications using big data sets and machine learning algorithms. This platform integrates with partners' systems to provide comprehensive consumer credit and residential real estate products. Key product suites include Decline Monetization, Dual Look, First Look, Affiliate Optimizer Engine, Direct Marketing Engine, and FastPass, which collectively form an AI-powered credit and acquisition ecosystem. The company's network is active across various credit segments, including unsecured consumer loans, auto loans, credit cards, point-of-sale financing, and residential real estate, serving a diverse client base of banks, fintechs, and other financial service providers.

Led by co-founder and CEO Gal Krubiner, Pagaya has been publicly traded on NASDAQ under the ticker PGY since 2022. Recent notable activities include the relocation of its corporate headquarters to New York City in 2024 to better align with its U.S.-centric business operations and attract institutional investors. The company frequently closes AAA-rated asset-backed securities (ABS) transactions for personal and auto loans, consistently attracting new institutional investors and demonstrating confidence in its AI-driven credit underwriting model. In 2024, Pagaya also acquired US fund manager Theorem Technology, further expanding its assets under management and diversifying its funding.