2 Reasons You Should Be Extremely Cautious About This Hot New Fintech SPAC
You may have recently heard of the latest hot new fintech to hit the market after it put its name on the map by partnering with SoFi Technologies in November 2021 and followed that up by partnering with Visa in February 2022. The company's name is Pagaya Technologies (NASDAQ: PGY), and management designed its business model around using artificial intelligence (AI) to help offer financial products to more people while also reducing risks for banks, fintechs, merchants, lenders, and other businesses.
Israel-based Pagaya might be one of the most promising new companies in today's market. But should you buy it? Here are two reasons you should be extremely cautious about investing your hard-earned money in Pagaya.
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Source Fool.com
