GIC led a $102m Series D funding round in Pagaya.

GIC led a $102m Series D funding round in Pagaya, a global financial technology company using artificial intelligence to reshape asset management and institutional investment, with participation from Aflac Global Ventures, Poalim Capital Markets, Viola, Oak HC/FT, Harvey Golub, Clal Insurance, GF Investments, and Siam Commercial Bank. Pagaya will use the investment to hire more top tier data scientists, develop its technology further, and continue its pursuit of new asset classes, such as real estate and other fixed-income assets like auto loans, mortgages, and corporate credit. “It’s extraordinary to see the Pagaya team deliver on their promise to bring in a new era of asset management using unparalleled technology. The firm continues to significantly and effectively innovate in a space that has failed to evolve for decades. Pagaya is driving the future of asset management,” Harvey Golub, Pagaya board member.