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.