Upstart Holdings, Inc., the leading artificial intelligence (AI) lending marketplace, today announced its renewal of its forward-flow agreement with Neuberger Specialty Finance, the dedicated asset-based investment team within Neuberger, a global investment management firm. As part of the renewal, funds managed by Neuberger Specialty Finance are expected to invest in up to $600M of consumer loans originated through the Upstart platform.

"Neuberger has been a valued partner of ours through multiple market environments, and this renewal is a reflection of our enduring relationship,” said Sanjay Datta, President, Capital & Enterprise at Upstart. “Their continued commitment strengthens the diverse, institutional-grade funding ecosystem that allows Upstart to offer more competitive rates and a better experience for borrowers."

“Upstart has consistently demonstrated a disciplined approach to credit, a commitment to innovation, and a strong focus on positive borrower outcomes,” said Peter Sterling, Managing Director and Head of Specialty Finance, Neuberger. “As our relationship has grown over time, we have appreciated the team's execution and partnership, and we look forward to continuing to support the platform's growth while securing attractive opportunities for our investors.”