Pagaya vs Feedzai

Feedzai has a disclosed valuation of $2B, while Pagaya's valuation is not publicly available, making a direct size comparison difficult. Feedzai employs 600 people.

Pagaya has raised more in total funding at $600M, compared to Feedzai's $352M — a gap of $248M. Combined, the two companies have completed 5 known funding rounds.

It's a dead heat — both Pagaya and Feedzai sit at 70/100 on the Awaira Score. That score factors in valuation, funding, stage, headcount, and category.

Pagaya was founded by Gal Krubiner in 2016. Feedzai was founded by Nuno Sebastiao in 2011. Visit each company's profile on Awaira for a full founder biography.

Pagaya: Pagaya operates an AI financial underwriting network that processes consumer loan applications on behalf of lenders, using machine learning models that evaluate creditworthiness across a broader set of data signals than traditional credit bureau scores, enabling lenders to approve more applicants while maintaining or improving default rates. The Tel Aviv and New York company monetises by taking a network fee on loan volume processed through its AI underwriting system, funded by institutional investors who purchase the approved loan pools.\n\nThe company went public on NASDAQ via SPAC merger, having raised over $600 million in combined public and private funding from investors including Oak HC/FT and Viola Growth. Pagaya reports processing hundreds of billions of dollars in loan applications annually across personal loans, auto loans, and mortgage products, with network partners including SoFi, Ally Financial, and US Bank embedded in its origination technology. The business model operates as an AI network sitting between lenders who originate applications and institutional investors who fund approved loans.\n\nPageya competes in the AI credit underwriting market against ZestFinance, Upstart, and traditional credit bureau scoring models from Fair Isaac. Its network model, where multiple lenders access the same AI infrastructure and their collective data improves model performance over time, creates compounding advantages compared to single-lender AI implementations. The company has navigated regulatory scrutiny around AI lending decisions and disparate impact as financial regulators increase oversight of alternative data use in credit decisions. Feedzai: Feedzai is a Portuguese AI company founded in 2011 that specializes in financial crime prevention and risk management solutions. The company develops machine learning and artificial intelligence platforms designed to detect and prevent fraud, money laundering, and other financial crimes across banking, payments, and fintech sectors. Feedzai's core technology utilizes advanced analytics and behavioral modeling to identify suspicious transactions and patterns in real-time, enabling financial institutions to mitigate risk while reducing false positives that impact customer experience. The platform serves global financial institutions, including major banks and payment processors. Feedzai operates in the competitive financial crime technology space, competing against established vendors and newer fintech startups. The company's approach combines graph-based analytics, machine learning, and domain expertise in financial crime detection. Its solution suite covers fraud prevention, anti-money laundering (AML), and sanctions screening, addressing regulatory compliance requirements across multiple jurisdictions. Feedzai has achieved a $2.0 billion valuation following Series D funding rounds totaling $277 million. The company operates globally with significant market presence in Europe, North America, and Asia-Pacific regions. Its growth trajectory reflects increasing demand for AI-driven financial crime prevention as regulatory pressures intensify and transaction volumes expand. The company remains privately held and continues expanding its product capabilities and customer base. Feedzai combines behavioral AI with financial crime expertise to serve the compliance-critical banking sector at scale.

Feedzai got there first, launching in 2011 — that's 5 years of extra runway. Pagaya didn't arrive until 2016. In AI, that kind of head start means more training data, deeper customer relationships, and a bigger talent moat.

Pagaya has about 500-1000 employees; Feedzai has about 600. A bigger team usually means more revenue or heavier VC backing, but in AI, small teams can build at massive scale.

Yes — they're direct rivals. Both Pagaya and Feedzai compete in AI Finance, targeting many of the same buyers. If you're evaluating one, you should be looking at the other.