Former AmEx CEO Leads $14 Million Round for Loan Assessment Startup Pagaya
Pagaya’s technology uses a machine learning algorithm to automatically detect and assess potential loan offerings on different consumer credit platforms in the U.S.
Meir Orbach | 11:30 30.08.2018
New York and Tel Aviv-based fintech startup Pagaya Investment Israel Ltd. has raised $14 million in a Series B funding round led by former American Express CEO Harvey Golub and Greenwich, Connecticut-based venture capital firm Oak HC/FT Partners LLC, Pagaya announced Thursday. The investment brings Pagaya’s total funding raised to $19.2 million.
The company intends to use the capital to hire additional engineers, artificial intelligence developers, and salespeople. The company currently employs 20 people.