Upstart Holdings has sold Upstart Auto assets and established its inaugural forward-flow agreement for auto lending following growth of its auto portfolio. The fintech on Feb. 20 announced the sale of $333 million of auto assets to alternative investment firm Bayview Asset Management, marking the first major transaction between the two entities, according to a release from Upstart. Upstart Auto also inked a $200 million,12-month forward-flow agreement with alternative investment management firm Wafra, its first forward-flow agreement for auto, according to a separate Feb. 20 release. The fintech has expanded its focus on capital funding to grow its […]
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