About Pagaya
Pagaya is a company based in New York (United States) founded in 2016 by Sanjiv Das, Avital Pardo, Yahav Yulzari, and Gal Krubiner.. Pagaya has raised $146.3 million across 10 funding rounds from investors including Citi, SCB and Clal Insurance. The company has 553 employees as of December 31, 2024. Pagaya has completed 2 acquisitions, including Darwin Homes and Theorem. Pagaya offers products and services including Pagaya Network and API Integration Service. Pagaya operates in a competitive market with competitors including Tienda Pago, First Up Lending, Mayava Capital and 3x Capital, among others.
- Headquarter New York, United States
- Employees 553 as on 31 Dec, 2024
- Founders Sanjiv Das, Avital Pardo, Yahav Yulzari, Gal Krubiner
- Stage Public
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Pagaya Technologies Ltd.
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Annual Revenue
$1 B29.99as on Dec 31, 2024
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Net Profit
$-401.41 M-212.53as on Dec 31, 2024
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EBITDA
$82.53 M285.42as on Dec 31, 2024
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Total Equity Funding
$146.3 M (USD)
in 10 rounds
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Latest Funding Round
$75 M (USD), Post-IPO
Mar 24, 2023
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Investors
Citi
& 15 more
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Employee Count
553
as on Dec 31, 2024
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Investments & Acquisitions
Darwin Homes
& 1 more
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IPO & Listings of Pagaya
Pagaya is a publicly listed company on the NASDAQ with ticker symbol PGY in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Pagaya
Pagaya offers a comprehensive portfolio of products and services, including Pagaya Network and API Integration Service. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI-based system for real-time loan application reviews and approvals.
Tool for connecting origination systems to facilitate loan facilitation.
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Software Development Team
30 people
Leadership Team
22 people
Data Analysis and Operations Team
22 people
Finance and Accounting
19 people
Product Management Team
13 people
Legal and Compliance
11 people
Human Resources and Administration
10 people
Operations Team
7 people
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Funding Insights of Pagaya
Pagaya has successfully raised a total of $146.3M across 10 strategic funding rounds. The most recent funding activity was a Post-IPO round of $75 million completed in March 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 10
- Last Round Post-IPO — $75.0M
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First Round
First Round
(08 May 2016)
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2023 | Amount | Post-IPO - Pagaya | Valuation |
investors |
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| Aug, 2022 | Amount | Post-IPO - Pagaya | Valuation |
investors |
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| Jan, 2022 | Amount | Post-IPO - Pagaya | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Pagaya
Pagaya has secured backing from 16 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Citi, SCB and Clal Insurance. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investments are made in early-stage healthtech and fintech startups.
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Founded Year | Domain | Location | |
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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location | |
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Growth-stage technology companies are funded via primary and secondary investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Pagaya
Pagaya has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Darwin Homes and Theorem. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of residential property management services
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2015 | ||||
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Credit underwriting technology is developed and provided by Theorem.
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Pagaya
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Pagaya Comparisons
Competitors of Pagaya
Pagaya operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Tienda Pago, First Up Lending, Mayava Capital and 3x Capital, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of a platform offering working capital for small stores
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| domain | founded_year | HQ Location |
First Up Lending provides asset-backed lines of credit to support business growth and operations.
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| domain | founded_year | HQ Location |
Offers brokerage services for loans, cash advances, and business financing.
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| domain | founded_year | HQ Location |
Offers unsecured credit lines and funding for startups and businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Pagaya
Frequently Asked Questions about Pagaya
When was Pagaya founded?
Pagaya was founded in 2016.
Where is Pagaya located?
Pagaya is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Pagaya?
Gal Krubiner is the current CEO of Pagaya. They have also founded this company.
Is Pagaya a funded company?
Pagaya is a funded company, having raised a total of $146.3M across 10 funding rounds to date. The company's 1st funding round was a Post-IPO of $570M, raised on May 08, 2016.
How many employees does Pagaya have?
As of Dec 31, 2024, the latest employee count at Pagaya is 553.
What is the annual revenue of Pagaya?
Annual revenue of Pagaya is $1B as on Dec 31, 2024.
What does Pagaya do?
Network facilitates loan transitions between lending partners and institutional investors. It integrates with loan origination systems through an API, enabling partners to approve more customers while maintaining their brand experience. The network facilitates the transfer of loans to appropriate financial vehicles. It offers benefits such as retaining more borrowers, expanding credit options without balance sheet impact, deepening customer relationships through diverse loan products, and ensuring compliance with regulations and data security standards.
Who are the top competitors of Pagaya?
Pagaya's top competitors include Tienda Pago, First Up Lending and Mayava Capital.
What products or services does Pagaya offer?
Pagaya offers Pagaya Network and API Integration Service.
Is Pagaya publicly traded?
Yes, Pagaya is publicly traded on NASDAQ under the ticker symbol PGY.
How many acquisitions has Pagaya made?
Pagaya has made 2 acquisitions, including Darwin Homes, and Theorem.
Who are Pagaya's investors?
Pagaya has 16 investors. Key investors include Citi, SCB, Clal Insurance, Oak HC/FT, and Tiger Global.
What is Pagaya's ticker symbol?
The ticker symbol of Pagaya is PGY on NASDAQ.
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