Upstart Holdings Signs Agreement To Sell Up To $4B Consumer Loans On Its Platform To Castlelake
Upstart Holdings, Inc. (NASDAQ:UPST), the leading artificial intelligence (AI) lending marketplace, today announced a new multi-year forward-flow agreement with Castlelake, L.P. ("Castlelake"), a global
Upstart found a big buyer (Castlelake) who agreed to buy up to $4 billion worth of loans that people get through Upstart's website over the next few years. This is good because it means Upstart has a steady customer, which helps the company know it will have business ahead.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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