Established in 2017 in the Cayman Islands, the fund is a limited partnership. The fund’s GP is MDP Loan Funds Ltd, a private Israeli company that is owned by Meitav Dash and Pagaya Technologies. Pagaya Technologies is a fintech company that specializes in credit and underwriting risk management for consumer online credit. The company has developed a unique algorithm for the underwriting of consumer credit. The algorithm is based on big data that allows to choose the most profitable loans. Pagaya Technologies employs approximately 70 employees, who mainly engage in underwriting and risk assessment of borrowers in the US.
The fund provides consumer credit in the United States through U.S. Marketplace (platform) companies. The investment policy is to invest 100% of the fund’s capital and enjoy the current interest received from the loans, plus holding the loans until their repayment date and/or sale and reinvest the proceeds.
מלאו את הפרטים ונציג יחזור אליכם בהקדם.