Eltura Capital Management, LLC announced that it has entered into a second-year transaction as part of the 2023 multi-year agreement to purchase consumer installment loans from Upstart. Upstart connects millions of consumers to more than 100 banks and credit unions that leverage Upstart's AI to approve more borrowers at lower rates, while delivering exceptional digital-first experience that customers demand. Eltura co-invested in the transaction and will also provide deal administration, collateral risk management, and reporting services as part of the transaction.
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- News Upstart Holdings, Inc.
- Eltura Capital Management, LLC Enters into A $1.2 Billion Forward Flow in A Second Year Transaction to Purchase Consumer Installment Loans Originated on Upstart's Platform