Fintech Company Pagaya Receives $102MM Series D Funding Round
Pagaya, a global financial technology company using artificial intelligence to reshape asset management and institutional investment, received a $102 million Series D funding round.
Pagaya, a global financial technology company using artificial intelligence to reshape asset management and institutional investment, received a $102 million Series D funding round.
Apollo Global Management, including subsidiaries of Athene Holding, provided a $500 million capital raise through a private senior secured loan agreement with MFA Financial.
SunTrust Robinson Humphrey and Citizens Bank served as joint lead arrangers on a $165 million delayed draw term loan for ProSight Global. The facility will refinance existing indebtedness.
The PayNet Small Business Lending Index fell 14.4 points, or 11.8%, to 107.4 in April and is now 32% below its year-ago level, potentially suggesting that small businesses are substituting traditional lending with Paycheck Protection Program loans.
Viva Capital Funding added Sarah Williams as vice president of sales. In this new role, Williams will be responsible for implementing the strategy and direction of the company’s sales and marketing departments.
Bankruptcy judge Barbara Houser, president of the American Bankruptcy Institute, issued a statement on ABI’s commitment to diversity and inclusion, including an update on the work of ABI’s diversity and inclusion working group.
The U.S. Bankruptcy Court for the Southern District of Texas, Houston Division approved Neiman Marcus Group to access debtor-in-possession financing, including the immediate availability of $250 million and an additional $150 million as needed after Sept. 4, 2020.
Stephen Weber joined Focus Management Group as managing director. Weber has more than 28 years of experience in transactional consulting, business management, public accounting, corporate finance, litigation support, forensic investigations and business valuation.
Franklin Capital recently completed two new accounts receivable financing facilities, including a $3 million facility to a UK-based IT equipment supplier.
Gordon Brothers, Hilco Merchant Resources, Great American Group and Tiger Group commenced store closing sales at 137 J. C. Penney stores across the United States.