We’re excited to increase access to affordable credit with forward-thinking partners like Centerbridge Partners, L.P.
Centerbridge completed the acquisition of a $400 million consumer loan portfolio from Upstart (NASDAQ: UPST), an AI lending marketplace. The portfolio consists of consumer loans that Upstart previously held on its own balance sheet. 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 the exceptional digital-first experience that customers demand. Read more: https://lnkd.in/eibw7YMg