Pagaya Acquires Theorem Technology, Inc.

July 30, 2024

Pagaya Technologies Ltd. has agreed to and completed the acquisition of Theorem Technology, Inc., a Silicon Valley-based institutional asset manager focused on consumer credit funds and machine-learning underwriting. The deal brings Theorem’s consumer credit funds and engineering/data-science expertise into Pagaya’s platform, expanding Pagaya’s fund management business to over $3 billion of capital and diversifying its funding sources.

Buyers
Pagaya Technologies LTD.
Targets
Theorem Technology, Inc.
Location
California, United States
Transaction Type
Buyout

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