Thursday, September 23, 2021
HomeBusinessWSJ News Exclusive | Fintech Startup Pagaya Nears $9 Billion SPAC Deal

WSJ News Exclusive | Fintech Startup Pagaya Nears $9 Billion SPAC Deal


Pagaya Applied sciences Ltd. is near an settlement to go public via a merger with a special-purpose acquisition firm that may worth the financial-technology startup at about $9 billion, mentioned folks accustomed to 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 mentioned. The merger might be introduced as quickly as this week.



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