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Upstart announces $1.25B forward-flow agreement with Fortress

Upstart (UPST) Holdings announced a forward-flow commitment from funds managed by affiliates of Fortress Investment Group. Fortress has agreed to purchase up to $1.25B of consumer loans originated through the Upstart platform over the course of 15 months. The agreement follows an initial forward flow transaction between Upstart and Fortress announced in 2025.

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