Pagaya

Pagaya is a technology company.

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Updated: Feb 17, 2026 ·

Recent News & Mentions

Jun 1, 2020FundingPagaya - Series D Apr 1, 2019FundingPagaya - Series C Aug 1, 2018FundingPagaya - Series B Dec 1, 2016FundingPagaya - Seed May 1, 2016FundingPagaya - Seed

Financial History

Pagaya has raised $142.0M across 5 funding rounds. Most recently, it raised $100.0M Series D in June 2020.

Total Raised

$142.0M

Valuation

N/A

Funding Rounds Raised

Date	Round	Other Investors
Jun 1, 2020	$100.0M Series D	7wire Ventures, Ben Robbins, Nyca Partners, Oak HC/FT, Optum Ventures, Silvertech Ventures, Tamar Technology Ventures, TCV, Team8, Threshold Ventures, Tiger Global Management, Viola Ventures, Amit Gilon
Apr 1, 2019	$25.0M Series C	7wire Ventures, Ben Robbins, Nyca Partners, Oak HC/FT, Optum Ventures, Silvertech Ventures, Tamar Technology Ventures, TCV, Team8, Threshold Ventures, Tiger Global Management, Viola Ventures, Amit Gilon
Aug 1, 2018	$14.0M Series B	7wire Ventures, Ben Robbins, Nyca Partners, Oak HC/FT, Optum Ventures, Silvertech Ventures, Tamar Technology Ventures, TCV, Team8, Threshold Ventures, Tiger Global Management, Viola Ventures, Amit Gilon
Dec 1, 2016	$2.0M Seed	Nyca Partners, Silvertech Ventures, Tamar Technology Ventures, TCV, Team8, Viola Ventures, Amit Gilon
May 1, 2016	$1.0M Seed	Nyca Partners, Silvertech Ventures, Tamar Technology Ventures, TCV, Team8, Viola Ventures, Amit Gilon

Financial History

Pagaya has raised $142.0M across 5 funding rounds.

Total Raised

$142.0M

Valuation

N/A

Deep Dive

High-Level Overview

Pagaya Technologies is an Israeli-American financial technology company that builds an AI-powered platform to evaluate loan applications, enabling banks and lenders to approve more customers using advanced machine learning and big data.[1][2] It serves financial institutions as a B2B partner, solving the problem of rigid legacy credit checks by providing "second-chance" lending that boosts approval rates across segments like personal loans, auto financing, credit cards, buy-now-pay-later, and real estate.[1][4] Pagaya embeds its decision engine via APIs into partners' workflows, allowing seamless data transfer for rejected applications, and has originated $28 billion in loans while assessing $2.6 trillion in applications by 2024, with Q3 2024 showing 9% lending volume growth to $2.6 billion and 28% revenue growth to $279 million.[1][4]

Origin Story

Pagaya was founded in Israel in 2016 by Gal Krubiner (CEO), Avital Pardo (CTO), and Yahav Yulzari (Chief Revenue Officer), who aimed to disrupt traditional credit scoring with AI and machine learning.[1][2][3] Initially operating as an asset manager for institutional clients, the team developed a data-driven credit model to modernize lending.[1] Key early traction came from integrating into lenders' digital workflows, starting with personal loans via partners like Prosper and Avant, evolving to banks such as LendingClub, SoFi, and U.S. Bank.[4] The company went public in June 2022 via a SPAC merger on the NYSE at an $8.5 billion valuation, after raising over $145 million in VC funding.[4]

Core Differentiators

Seamless API Integration: Embeds directly into lenders' origination processes, instantly passing rejected applicant data (anonymized) to Pagaya's AI engine for a "second chance" approval, avoiding clunky referrals while letting partners retain servicing.[1][4]
AI-Powered Decision Engine: Analyzes trillions in application data with machine learning to incorporate non-traditional indicators, expanding approvals in personal loans, auto, credit cards, BNPL, and real estate—aiming for mortgages and insurance long-term.[1][2][5]
Product Suite: Includes PGY Extended Platform for better offers, Pagaya Intelligence, Fast Pass for frictionless auto conversions, Marketing Engine with affiliates and prescreening, and compliance tools.[2]
Network and Scale: 31 lending partners, forward flow deals like $2.4 billion with Blue Owl Capital, and a focus on precise evaluation for sustainable value.[2][4]

Role in the Broader Tech Landscape

Pagaya rides the AI-driven fintech wave, capitalizing on the shift from legacy underwriting to data-rich models that unlock credit for underserved applicants amid rising demand for inclusive lending.[1][2] Timing aligns with post-pandemic credit tightening and BNPL/auto loan growth, where traditional FICO scores fall short, enabling Pagaya to boost partner volumes by 9% YoY despite market headwinds.[4] Market forces like regulatory pushes for fair lending and investor appetite for asset-backed securities favor its B2B model, influencing the ecosystem by partnering with banks/non-banks and funding via institutions, thus democratizing credit access without lenders bearing full risk.[1][4][5]

Quick Take & Future Outlook

Pagaya's momentum—28% revenue growth, new deals like Blue Owl—positions it to scale beyond personal loans into auto, BNPL, and potentially mortgages/insurance, leveraging its $2.6 trillion data moat.[1][2][4] Trends like AI regulation, economic recovery, and embedded finance will shape its path, with risks from loan defaults or competition, but its partner network and workflow integration provide defensibility. Expect expanded influence as AI redefines credit, turning rejected applicants into opportunities and solidifying Pagaya as a core lending infrastructure player—modernizing finance one decision at a time.[1][4]

Sources

Frequently Asked Questions

How much funding has Pagaya raised?

Pagaya has raised $142.0M in total across 5 funding rounds.

Who are Pagaya's investors?

Pagaya's investors include 7wire Ventures, Ben Robbins, Nyca Partners, Oak HC/FT, Optum Ventures, Silvertech Ventures, Tamar Technology Ventures, TCV, Team8, Threshold Ventures, Tiger Global Management, Viola Ventures.