Pagaya Applied sciences Ltd. is near an settlement to go public by way of a merger with a special-purpose acquisition firm that will worth the financial-technology startup at about $9 billion, stated folks 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 folks the flexibility to borrow. Banks and different financial-services suppliers use its platform, which analyzes troves of knowledge to assist companions serve extra prospects. Pagaya is nearing a deal to mix with SPAC EJF Acquisition Corp. , the folks stated. The merger could possibly be introduced as quickly as this week.
Fintech Startup Pagaya Nears $9 Billion SPAC Deal Source link Fintech Startup Pagaya Nears $9 Billion SPAC Deal