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Fintech Startup Pagaya Nears $9 Billion SPAC Deal

Pagaya Applied sciences Ltd. is near an settlement to go public by way of a merger with a special-purpose acquisition firm that might worth the financial-technology startup at about $9 billion, in keeping with individuals acquainted with the matter.

Based mostly in New York and Tel Aviv, Pagaya operates an artificial-intelligence community to make monetary transactions like lending extra environment friendly and provides extra individuals the flexibility to borrow cash. Banks and different financial-services suppliers use its platform, which analyzes troves of knowledge to assist companions serve extra prospects, Pagaya says.

https://www.wsj.com/articles/fintech-startup-pagaya-nears-9-billion-spac-deal-11631678461?mod=rss_markets_main | Fintech Startup Pagaya Nears $9 Billion SPAC Deal

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