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Briefing
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- AI Securities Milestone – U.S.-Israeli fintech startup Pagaya announced its artificial intelligence (AI) system now manages $100 million of asset-backed securities, particularly consumer credit or loans
- Recent Deal – Reached milestone after signing agreement to manage portion of unidentified Asian sovereign wealth fund with assets worth $400 billion
- AI Tasks – Include assessing risk of different financial instruments, identifying emerging alternative asset classes, generating stable returns, and selecting and purchasing different loans
- Special Investment Solutions – Part of Pagaya's $450 million assets under management (AUM) under specialized investment solutions
- Team Composition – Has a team comprised of 20 data scientists and AI specialists
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Accelerator
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Market Disruption
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Business Model and Practices
Business Model
and Practices
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Sector
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Financial Services
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Function
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Accounting and Finance
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Organization
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Pagaya Investments
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Source
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Peyton, A., "Pagaya shows off its AI-powered $100m ABS",
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"Pagaya uses AI to issue $100m in asset-backed securities,"
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Shahaf, T., "AI fintech co Pagaya issues $100m in asset backed securities",
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"Pagaya raises $14 million in Series B funding,"
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Fest, G., "Fintech Pagaya places $100M consumer loan ABS managed by AI",
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AcceleratingBiz analysis
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Original Publication Date
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February 6, 2019
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