Pagaya completed the acquisition of Theorem.

Pagaya, a global technology company delivering AI-driven product solutions for the financial ecosystem, completed the acquisition of Theorem, a consumer credit funds manager. Financial terms were not disclosed. “We are thrilled to welcome Theorem’s incredible team to our company. Our combined capabilities will enable us to better meet unprecedented institutional demand for consumer credit, while also diversifying our funding sources and improving our capital efficiency. Together we are well positioned to drive accelerated profitable growth and deliver on our mission,” Gal Krubiner, Pagaya CEO.