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By Jennifer Kang 16 Mar 2021 Fintech platform Pagaya priced a $900m fully pre-funded securitization, its largest ever deal as well as one of the biggest transactions seen in the sector. The transaction was 2.75 to 3 times oversubscribed, according to the company. Pagaya uses data analytics and artificial intelligence to purchase certain marketplace loans from marketplace lending platforms and originating banks. Its securitizations are “hybrid” in that sense, because Pagaya does not originate its own loans. Rather, Pagaya AI Debt Selection Trust 2021-1 is fully prefunded, where . Already a subscriber? Login ....
NanoVMs Launches Investment Round On StartEngine NanoVMs, the unikernel infrastructurecompany that runs software faster andsafer than Linux has launched aninvesting campaign with StartEngine.The startup has already raised over . Wallet Factory and Belize Bank to build a mobile payment platform and digital wallet in Belize Wallet Factory and Belize Bank tobuild a mobile payment platform anddigital wallet in Belize March 29,2021 – Wallet Factory, an . Provider of SaaS for Financial Institutions Fininbox Doubled Revenue in 2020 March 11th, 2021. According to AntonZujev, Head of Business Developmentand Sales at Fininbox, the doublingof revenue even during the pandemic . BuildStream launches investment round on Republic YC Funded BuildStream LaunchesInvestment Campaign for Supply ChainQuality Inspection Marketplace App,Raising $1M From Users and the Crowd.NEW YORK, Feb 21, 2021 . ....
Pagaya Announces Expansion of PAID Shelf With $900 Million Pre-Funded Consumer Credit Deal
Pagaya, an artificial intelligence (AI) powered investment manager, announced on Tuesday the expansion of the Pagaya AI Debt Selection Trust (PAID) shelf with $900 million committed. According to Pagaya, the demand for this PAID issuance was evidence of investors deeply trusting the platform as the deal was multiple times oversubscribed. While sharing details about the deal, Gal Krubiner, Pagaya’s CEO and Co-Founder, stated: “This has been a year of hyper-growth at Pagaya, and we’re continuing on that trajectory. The pace is staggering. It’s an honor to work with forward-thinking partners who have put their faith in Pagaya’s technology. Together, we’ve fundamentally changed this landscape.” ....
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