Pagaya raises $25M

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Pagaya, a financial technology company using artificial intelligence (AI) for asset management, has raised a $25 million Series C funding round. Oak HC/FT led the round with participation from Pagaya’s seed investor Viola Ventures, Clal Insurance, GF Investments, Harvey Golub (Pagaya board member and former Chairman and CEO of American Express), and Siam Commercial Bank.

In the three years since launch, Pagaya has grown to manage $450 million in assets, according to a statement from the company. Pagaya is based in Tel Aviv, Israel, with offices in New York, NY.

[Image courtesy: Pagaya]