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Upstart Announces Agreement with Neuberger Specialty Finance for Investment in up to $600M of Consumer Loans

  • Upstart Holdings renewed its forward-flow agreement with Neuberger Specialty Finance to invest up to $600M in consumer loans originated via the Upstart platform.
  • Sanjay Datta, President of Capital & Enterprise at Upstart, cited the renewal as evidence of an enduring partnership that strengthens the company's funding ecosystem.
  • Peter Sterling, Managing Director of Neuberger Specialty Finance, highlighted Upstart's disciplined credit approach & innovation while noting the goal of securing attractive opportunities for investors.
  • Upstart connects consumers to over 100 banks & credit unions using AI models to automate more than 90% of loans without human intervention.
  • The Upstart platform offers personal loans, automotive retail loans, home equity lines of credit, & the new Cash Line revolving credit product.
  • Neuberger Private Markets manages over $155 billion in investor commitments as of December 31, 2025, across various strategies & geographies with a global team of over 500 professionals.