Upstart renews $600M loan deal with Neuberger Specialty Finance

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

June 24, 2026 8:45 AM EDT

SAN MATEO, Calif.--(BUSINESS WIRE)-- Upstart Holdings, Inc. (NASDAQ: UPST), 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,... More