Pagaya Technologies (NASDAQ:PGY) recently completed its business combination with EJF Acquisition Corp. and became a public company with a valuation of around $8 billion. The company has yet to report any formal earnings but I will talk about why I like its prospect in this article. Pagaya is an Israeli company founded in 2016 by the current CEO Gal Krubiner. It is a fintech company that is revolutionizing how financial companies approve and recruit consumers by utilizing AI (artificial intelligence). It enables accurate, real-time consumer credit evaluation through the use of robust AI-driven credit and analytical technology.