Pagaya raises $102M

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Pagaya, a financial technology company that uses artificial intelligence (AI) for asset management and institutional investments, has raised $102 million in a Series D funding round.

The investment was led by GIC; a firm established in 1981 to manage Singapore’s foreign reserves, which currently has roughly $100 billion in assets.

Investors in the round include Aflac Global Ventures, Poalim Capital Markets, Viola, Oak HC/FT, Harvey Golub (Pagaya board member and former chairman and CEO of American Express), Clal Insurance, GF Investments, and Siam Commercial Bank.

[Image courtesy: Pagaya]