Upstart Announces $1.25B Forward-Flow Agreement with Fortress Investment Group

▤ Summary

Upstart announced a $1.25 billion forward-flow agreement with Fortress Investment Group to sell consumer loans originated on its platform over 15 months. The deal expands an existing partnership and reinforces Upstart’s capital base for loan origination. Upstart says the agreement helps lower the cost and complexity of borrowing by supporting its lending marketplace with additional capital partners. Fortress says the arrangement gives its investors access to differentiated consumer credit opportunities with attractive risk-adjusted returns.

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