UPST is trading 5% up today at $33.00 following a significant financing announcement.

  • Upstart renewed its forward-flow agreement with Neuberger Specialty Finance, which is expected to invest in up to $600 million of consumer loans originated through Upstart's platform.
  • The agreement strengthens Upstart's funding ecosystem and allows for more competitive rates for borrowers.
  • This comes as Upstart also touted 91% automated loan approvals, highlighting efficiency in its AI lending marketplace.