Upstart Holdings announced the renewal of its forward-flow agreement with Neuberger Specialty Finance, under which funds managed by Neuberger Specialty Finance are expected to invest in up to $600 million of consumer loans originated through the Upstart platform. Neuberger Specialty Finance is the dedicated asset-based investment team within Neuberger, a global investment management firm. Upstart President Sanjay Datta said the renewal reflects an enduring relationship and strengthens the institutional-grade funding ecosystem that allows Upstart to offer more competitive rates. Peter Sterling, Managing Director and Head of Specialty Finance at Neuberger, cited Upstart's disciplined approach to credit and commitment to innovation.
Upstart Holdings IncRenewal of up to $600M forward-flow agreement provides committed funding for loan originations.
Neuberger Specialty Finance commits to invest up to $600M in consumer loans via Upstart platform.