About
Pagaya operates an AI lending network connecting 31 bank partners (including US Bank, OneMain, and a top-5 US bank) to 150+ institutional investors. Public company (PGY) with $1.03B revenue in 2024 (+27% YoY). Largest personal loan ABS issuer in the US ($25B+ raised across 62 deals). Uses AI to approve loans declined by partner banks. Acquired Theorem Technology in 2024, bringing AUM to $3B+.
Key Facts
- [1]Founded: Founded in 2016 in New York, United States.
- [2]Funding: Total funding: $75M. Last round: Jun 2023. Stage: Public.
- [3]Customers: Key customers include US Bank, OneMain.
- [4]Employees: Employee count: 201-500.
- [5]Revenue: Annual revenue/ARR: approximately $1.0B.
- [6]Company Type: Public company.
- [7]Website: Official website: pagaya.com.
- [8]AI Technology: Core AI/ML technologies: Predictive ML.
- [9]Region: Region: Americas (United States).
Founders
Gal Krubiner
Co-founder & CEO
Avital Pardo
Co-founder & Deputy CEO
Yahav Yulzari
Co-founder & Deputy CEO
Key Customers & Partners
AI Technology
Predictive ML
Traditional ML algorithms for classification, regression, and scoring models
Classification
Market Segments
Tech Stack Layers
Details
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Frequently Asked Questions
What is Pagaya?
Pagaya operates an AI lending network connecting 31 bank partners (including US Bank, OneMain, and a top-5 US bank) to 150+ institutional investors. Public company (PGY) with $1.03B revenue in 2024 (+27% YoY). Largest personal loan ABS issuer in the US ($25B+ raised across 62 deals). Uses AI to approve loans declined by partner banks. Acquired Theorem Technology in 2024, bringing AUM to $3B+. Pagaya is classified in the Lending & Credit segment at the Models layer of the financial AI stack.
Who founded Pagaya?
Pagaya was founded by Gal Krubiner (Co-founder & CEO), Avital Pardo (Co-founder & Deputy CEO), and Yahav Yulzari (Co-founder & Deputy CEO) in 2016 in New York, United States. The company has been operating for 10 years. Pagaya is now a publicly traded company.
How much funding has Pagaya raised?
Pagaya has raised $75M in total funding, placing the company at the Public stage. The most recent round closed in Jun 2023. Pagaya generates approximately $1.0B in annual revenue. Among 81 funded Lending & Credit companies, Pagaya ranks #53 by total capital raised. (Source: AIFI Map directory.)
What AI technology does Pagaya use?
Pagaya primarily leverages Predictive ML technology. Traditional ML algorithms for classification, regression, and scoring models. Within the Lending & Credit segment, 58 companies use this technology.
What market segment does Pagaya operate in?
Pagaya operates in the Lending & Credit and Enterprise Finance and Wealth Management market segments. AI lending and credit companies are reimagining how creditworthiness is assessed, loans are originated, and debt is managed across consumer, small business, and commercial markets. The company also has a footprint in enterprise finance and wealth management, reflecting its cross-functional approach to financial AI.
Where is Pagaya headquartered?
Pagaya is headquartered in New York, United States. The company operates in the Americas region. The team consists of 201-500 employees. United States is home to 324 financial AI companies tracked by AIFI Map.
Who are Pagaya's competitors?
Companies similar to Pagaya in the Lending & Credit space include Feedzai ($431M raised), Sardine ($170M raised), Hawk AI ($83M raised), Resistant AI ($55M raised), Flagright ($8M raised). These companies operate in related areas of financial AI: Feedzai focuses on ai-native fraud and financial crime prevention platform for major banks. Sardine focuses on ai risk platform for fraud, credit, and compliance. Hawk AI focuses on ai-powered aml and fraud detection for banks and fintechs. (Based on AIFI Map classification data.)
What products does Pagaya offer?
Pagaya builds models-layer solutions for the financial services industry. The company's core offering: AI-driven financial network connecting banks to lending. The platform is powered by Predictive ML technology. Notable users include US Bank, OneMain.
Is Pagaya publicly traded?
Yes, Pagaya is a publicly traded company. Annual revenue is approximately $1.0B.