Upstart Sells $2 Billion of Consumer Installment Loans to Blue Owl

FinTech lender Upstart Holdings has sold up to $2 billion of consumer installment loans to private credit lender Blue Owl Capital. The deal includes $290 million of personal loans that have already been handed out, as well as debt that Blue Owl will buy over the next 18 months in a forward-flow agreement, buying the loans before they have been originated, Bloomberg reported Thursday (Oct. 10). Reached by PYMNTS, Upstart confirmed the report and provided a statement from Upstart Chief Financial Officer Sanja ...