Upstart Holdings, an AI lending marketplace, has announced a forward-flow commitment from funds managed by affiliates of Fortress Investment Group, under which Fortress has agreed to purchase up to $1.25 billion of consumer loans originated through the Upstart platform over 15 months.
The agreement follows an initial forward-flow transaction between the two companies announced in 2025 and expands an existing partnership as Upstart continues to build out its capital partner network. More than 100 banks and credit unions leverage Upstart’s AI models and cloud applications, with more than 90% of loans fully automated with no human intervention. Upstart’s platform includes personal loans, automotive retail and refinance loans, home equity lines of credit, and its Cash Line revolving credit product.
KEY QUOTES:
We’re excited to expand our partnership with Fortress with this latest agreement. Our wide array of capital partners strengthens our resilient and stable foundation to continue driving down the cost and complexity of borrowing.
Sanjay Datta, President of Capital and Enterprise, Upstart
This expanded agreement with Upstart underscores our focus on sourcing differentiated, high-quality consumer credit opportunities for our investors. Upstart’s data-driven platform enables efficient access to scaled origination, and we believe this partnership positions us well to continue generating durable, compelling risk-adjusted returns across market environments.
Matt Biczak, Managing Director, Fortress Investment Group
