On July 30, 2024, Pagaya Technologies LTD. announced that it will acquire Theorem Technology, Inc.
Pagaya Technologies LTD. (NASDAQ: PGY) (“Pagaya”) announced, on July 30, 2024, that it will acquire Theorem Technology, Inc. (“Theorem”). The deal is expected to close in the fourth quarter of 2024. Further terms of the transaction were not disclosed.
Pagaya (NASDAQ: PGY), based in New York City, is a global technology company using machine learning and AI to provide financial products and services to investors.
Theorem, based in Silicon Valley, California, is an institutional asset manager focused exclusively on the consumer credit space. Theorem manages over $1.7 billion in client assets.
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