By ET Bureau - June 18, 2020 1 Mins Read
Pagaya, a financial technology firm has raised $102 million in Series D funding from several
investors. Pagaya uses artificial intelligence (AI) to select investments for institutions and
manages more than $1.6 billion for banks, insurance companies, pension funds, asset
managers, and sovereign wealth funds. The newly raised funding will be used for hiring more data scientists and to pursue new asset classes, such as real estate and other fixed-income assets like auto loans, mortgages, and corporate credit.
The platform covers e entire enterprise technology space- including emerging technologies like RPA, AI, cloud, automation, and the entire gamut of digital transformation tools, strategies and management decisions.
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