US-based artificial intelligence lending marketplace Upstart Holdings, Inc. (NASDAQ: UPST) has inked a forward-flow commitment with alternative investment manager Eltura Capital Management and alternative asset manager Aperture Investors, an alternative asset manager and part of Generali Investments, and co-investors, the company said.

The investor group has agreed to purchase up to USD 1bn of consumer loans originated through the Upstart platform.

The agreement consists of a 12-month forward flow arrangement and builds on an existing relationship between the parties, representing the first forward-flow arrangement of this scale between Upstart and the investor group.

Upstart (NASDAQ: UPST) is the leading AI lending marketplace, connecting ms of consumers to more than 100 banks and credit unions that leverage Upstart's AI models and cloud applications to deliver superior credit products.

With Upstart AI, lenders can approve more borrowers at lower rates while delivering the exceptional digital-first experience customers demand. More than 90% of loans are fully automated, with no human intervention by Upstart.

Founded in 2012, Upstart's platform includes personal loans, automotive retail and refinance loans, home equity lines of credit, and Upstart's upcoming Cash Line product, a revolving line of credit. Upstart is based in San Mateo, California.

Eltura Capital Management, LLC employs a dual investment and advisory strategy that leverages expertise in originating and structuring risk-adjusted investment opportunities in the consumer and commercial credit space.

The firm was founded in 2021 by senior structured finance bankers and service providers to source, structure, and service transactions with an emphasis on the active management of investments across the structured credit landscape.

Aperture Investors is an alternative asset manager overseeing approximately USD 5.8bn in assets under management and committed and seed capital (as of January 31, 2026).

Founded in partnership with Generali Group, a leading global insurance and asset management group, Aperture combines the entrepreneurial agility of a boutique with the institutional strength of a global platform.