The CEO and Co-Founder of Pagaya, Gal Krubiner, discusses AI-powered lending models and how it is helping consumers and lenders alike.
This week Isabelle spoke to Pagaya's CIO, Ed Mallon about how lenders can still fulfill demand for credit despite challenges.
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Pagaya is an asset manager based in New York; they announced that they have received $75 million in debt financing from Citi; the funds will be used for its Opportunity Fund to invest in loans by online lenders such as Prosper and LendingClub; the company uses machine learning to determine loans worthy of investment. Source