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Upstart Holdings, Inc. (UPST) closed the most recent trading day at $21.67, moving -0.98% from the previous trading session.
POTTSTOWN, Pa. & SAN MATEO, Calif., June 20, 2024--Diamond Credit Union Selects Upstart for Personal Lending
Castlelake, L.P. ("Castlelake"), a global alternative investment manager specializing in asset-based private credit investments, has reached an agreement to purchase up to $1.2 billion of consumer installment loans from Upstart (NASDAQ: UPST), an artificial intelligence (AI) lending marketplace. The purchase agreement consists of a 12-month forward flow arrangement and follows a 2023 agreement with Upstart.