Pagaya Completes Acquisition of Theorem Technology, Inc.
Pagaya Technologies Ltd. (PGY)
Company Research
Source: Business Wire
On a combined basis, the company now has access to more than $3 billion of fund capital to support strong investor demand NEW YORK--(BUSINESS WIRE)--Pagaya Technologies LTD. (NASDAQ: PGY) ("Pagaya" or “the Company”), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced the completion of its acquisition of Theorem Technology, Inc. (“Theorem”), a machine-learning underwriting technology company that has powered billions of dollars of credit across its network since its founding in 2014.With a combined credit fund platform exceeding $3 billion in AUM, the transaction is expected to further strengthen Pagaya’s market-leading capabilities, diversify its funding sources and drive capital efficiency. Fund investors are expected to gain access to credit assets generated by Pagaya’s network of 31 of the top lenders in the U.S., creating more growth opportunities across the lending ecosystem. The acquisition is expected to be accreti
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PGY
News
- The Financial Technology Report Announces The Top 100 Financial Technology Companies of 2024PR Web
- Benzinga Announces Winners for the 2024 Global Fintech Awards [Yahoo! Finance]Yahoo! Finance
- Pagaya Technologies Ltd. (NASDAQ:PGY) Just Reported, And Analysts Assigned A US$20.75 Price Target [Yahoo! Finance]Yahoo! Finance
- Pagaya Technologies Ltd. (NASDAQ: PGY) had its price target lowered by analysts at Canaccord Genuity Group Inc. from $32.00 to $25.00. They now have a "buy" rating on the stock.MarketBeat
- Pagaya Technologies Ltd (PGY) Q3 2024 Earnings Call Highlights: Strong Revenue Growth Amidst ... [Yahoo! Finance]Yahoo! Finance
PGY
Earnings
- 11/12/24 - Beat
PGY
Sec Filings
- 11/21/24 - Form F-3
- 11/18/24 - Form 4
- 11/15/24 - Form 144
- PGY's page on the SEC website