LendingClub Corporation (NYSE: LC), the largest marketplace lender in the US, is expanding its LCX platform to provide biding and pricing on loans prior to issuance. This marketplace is said to operate down to the individual loan level thus providing exceptional granularity, according to a… Read More
Pagaya, a Fintech in the asset management space, has closed on a $102 Series D funding round. Simultaneously the company has announced a $200 asset-backed security (ABS) issuance of consumer credit – “reopening” the COVID-19 impacted market. Pagaya’s total ABS issuance now stands at over… Read More
Pagaya, a Fintech in the asset management sector, is expanding operations to the US west coast with several new executive hires. According to the company, origination teams in Phoenix and Los Angeles will see the additions of Jason Hass as Senior Vice President of Originations… Read More
Pagaya, an artificial intelligence (AI) powered investment manager, announced on Wednesday it has closed its sixth capital markets transaction for a $200 million asset-backed security (ABS), which was led by structuring agent Cantor Fitzgerald. The transaction brings Pagaya’s total assets under management (AUM) to $1.5 billion…. Read More
Pagaya, an artificial intelligence (AI) powered investment manager, has closed on its 5th capital markets transaction this year for a $200 million asset-backed security. Pagaya reports that it now has $1.2 billion in assets under management (AUM) having risen a solid 300% this year. Pagaya’s… Read More
Pagaya has closed on a $200 million consumer credit asset-backed security (ABS) fully-managed by its AI. This transaction is Pagaya’s largest to-date and the fourth this year, bringing the Fintech’s issuance to $515 million in the first nine months of 2019, according to a note… Read More
Just a little over six months after securing $14 million through its Series B funding round, global fintech Pagaya has secured $25 million through its Series C funding round, which was led by Oak HC/FT with participation from Viola Ventures, Clal Insurance Ltd., GF Investments,… Read More
Pagaya Investments, a Fintech company in the asset management space, announced on Thursday it secured $14 million through its Series B funding round, which was co-led by Oak HC/FT and Harvey Golub. This news comes just six months after Pagaya received a $75 million in debt financing… Read More
Pagaya Investments, a Fintech company in the asset management space, has received $75 million in debt financing from Citi. Simultaneously, Pagaya announced the creation of the “Opportunity Fund” to meet growing institutional interest in consumer credit as an asset class. Launched in2016, Pagaya has raied… Read More
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