Business
Seasoned Fintech and Technology Silicon Valley Executive, Ralph L. Leung, Joins Pagaya as Chief Operating Officer & Chief Commercial Officer
Industry veteran with more than 25 years of experience further strengthens Pagaya’s executive leadership team and deepens capital markets, monetization, and
About this update from Pagaya Technologies Ltd.
[{"type":"text","content":"\nIndustry veteran with more than 25 years of experience further strengthens Pagaya’s executive leadership team and deepens capital markets, monetization, and operational expertise\n\n\n NEW YORK--(BUSINESS WIRE)--\nPagaya Technologies LTD. (NASDAQ: PGY) (“Pagaya” or “the Company”), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced the appointment of Ralph L. Leung as Chief Operating Officer and Chief Commercial Officer, as it continues to strategically enhance its AI-driven network and product suite to be the premier consumer credit technology solution for the banking ecosystem.\n\n\nIn this newly created role, Leung will lead Pagaya’s best-in-class capital markets function to continue to drive innovation and strengthen and expand the Company’s funding capabilities. He will also spearhead Pagaya’s monetization strategy and operations for its rapidly growing lending partner network, and oversee the Company's AI-driven research, data and credit strategy capabilities.\n\n\n“We’re thrilled to have Ralph join our team at Pagaya, who brings with him both a deep understanding of our business model and a keen awareness of what our partners and investors need in this consumer credit environment,” said Sanjiv Das, President of Pagaya Technologies. “This appointment comes during a time of strategic growth at Pagaya as the Company continues to onboard new partners to its lending network, works towards enhancing its unit economics, and strengthens its funding capabilities. Ralph’s expertise will be instrumental in helping Pagaya continue to scale and deliver on its mission of creating more financial opportunities for more people, more often.”\n\n\nMost recently, Leung served as CFO for Achieve, a leading fintech focused on digital personal finance. There, he drove the company’s profitable growth strategy while implementing a multi-year digital transformation program, established a deep corporate equity and debt capital structure with leading investors, and built a more diversified and innovative capital markets funding model to fuel Achieve’s lending platform. Prior to Achieve, Leung was CFO at Fivestars, a national CRM and payments network for small and medium businesses, and led the company through a successful exit to global payments leader SumUp in 2021. Earlier in his career...