Abhijit Chaudhary Joins Pagaya as Chief Product Officer

Rhea-AI Summary

Pagaya Technologies announces the appointment of Abhijit Chaudhary as its new Chief Product Officer. Chaudhary brings over 20 years of experience in product strategy for fintech and consumer finance companies. His expertise will help Pagaya scale its product offering and create more financial opportunities. The company aims to expand its product suite and onboard more financial institutions onto its network.

Chaudhary previously served as Chief Product Officer for Green Dot

NEW YORK & TEL AVIV, Israel--(BUSINESS WIRE)-- Pagaya Technologies Ltd. (NASDAQ: PGY) (the “Company” or “Pagaya”), a global technology company delivering AI-driven product infrastructure for the financial ecosystem, today announced the appointment of Abhijit Chaudhary as its new Chief Product Officer.

Chaudhary brings with him more than 20 years of experience leading product strategy for high-growth fintech and consumer finance companies. Most recently, he served as Green Dot Corporation’s Chief Product Officer, developing its product suite focused on driving scale and delivering value to both businesses and consumers. Prior to Green Dot, he held senior leadership roles at American Express and Discover Financial Services, across consumer finance, process improvement and new product development.

This appointment comes during a time of accelerated growth at Pagaya as the Company maintains focus on expanding its product suite and onboarding more and more leading financial institutions onto its network. Chaudhary’s expertise will be instrumental in helping Pagaya continue to scale its product offering and deliver on its mission of creating more financial opportunities for more people, more often.

“Abhi brings with him vast experience and a deep understanding of our bank and lending partners and their product needs,” said Gal Krubiner, Co-Founder and CEO of Pagaya Technologies. “We have built an incredible amount of momentum, and having an industry veteran with a proven track record of scaling high-growth product-centric fintechs is an important step as we continue to scale Pagaya.”

"Pagaya's AI-powered network is able to solve a critical challenge that banks and other lending partners face today, while also providing greater access to credit for underserved communities," said Chaudhary. "It's an exciting time to be leading the product organization, especially with the spotlight that is currently on AI across all industries. I'm grateful for the opportunity to work alongside Pagaya's talented leadership team and help shape the Company’s bright future during this time of immense product and lending network growth.”

About Pagaya Technologies

Pagaya (NASDAQ: PGY) is a global technology company making life-changing financial products and services available to more people nationwide, as it reshapes the financial services ecosystem. By using machine learning, a vast data network and a sophisticated AI-driven approach, Pagaya provides comprehensive consumer credit and residential real estate solutions for its partners, their customers, and investors. Its proprietary API and capital solutions integrate into its network of partners to deliver seamless user experiences and greater access to the mainstream economy. Pagaya has offices in New York and Tel Aviv. For more information, visit pagaya.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231101920365/en/

Jency John

Head of Investor Relations

IR@pagaya.com



Emily Passer

Head of PR & External Communications

Press@pagaya.com

Source: Pagaya Technologies Ltd.

FAQ

Who is the new Chief Product Officer of Pagaya Technologies?

The new Chief Product Officer of Pagaya Technologies is Abhijit Chaudhary.

What is Pagaya Technologies known for?

Pagaya Technologies is a global technology company that delivers AI-driven product infrastructure for the financial ecosystem.

What is Abhijit Chaudhary's experience?

Abhijit Chaudhary has over 20 years of experience leading product strategy for high-growth fintech and consumer finance companies. He has held senior leadership roles at Green Dot Corporation, American Express, and Discover Financial Services.

What is the focus of Pagaya Technologies?

Pagaya Technologies is focused on expanding its product suite and onboarding more financial institutions onto its network.

What is the mission of Pagaya Technologies?

The mission of Pagaya Technologies is to create more financial opportunities for more people, more often.