Investment Manager Pagaya Raises $1.25M

May 8, 2016 | Pagaya, a data-driven online investment manager in the online lending market, announced today a $1.25 million seed investment led by Carmel Ventures, a member of the Viola Group. Avi Zeevi, Co-Founder and General Partner at Carmel, led the investment and joined the Pagaya board of directors. Pagaya’s advanced technology solution serves as a comprehensive online investment house for financial institutions investing in the online lending market. Based on its innovative machine learning algorithms, Pagaya serves as a manager of assets, advising large institutions as they invest in the rapidly growing multi-billion dollar online credit market. The company signed a distribution agreement for its products to selected Israeli institutions. Additionally, the company has signed agreements towards establishing a private $100 million fund to be managed by the company based on its technology. Pagaya was founded by Gal Krubiner (CEO), Avital Pardo (CTO) and Yahav Yulzari (VP Sales).