Latest news with #Yieldstreet
Business Wire
28-04-2025
- Business
- Business Wire
Yieldstreet and Upgrade Partner to Expand Access to Consumer Credit Investing
NEW YORK--(BUSINESS WIRE)--Yieldstreet, a leading private markets investing platform, and Upgrade Inc., a fintech company offering affordable and responsible credit products to mainstream consumers, today announced the completion of an agreement to purchase assets through Flex Pay, Upgrade's BNPL financing solution. This partnership enables individual investors to target passive income from exposure to high-quality consumer BNPL loans. The first transaction, which closed in April 2025, includes a pool of travel loans through Flex Pay's strong partnerships with over 750 travel partners, including major airlines, cruise lines, and hotel chains. "Upgrade has established itself as a market leader in a wide range of credit categories, including BNPL travel-related financing, with its robust origination platform," said Ted Yarbrough, President and Chief Investment Officer at Yieldstreet. "We're pleased to complete this transaction which will allow investors to further diversify their portfolios in private markets with exposure to consumer credit." 'Through this collaboration with Upgrade, we're continuing to expand Yieldstreet's private credit offerings with another asset class that provides exposure to a diverse portfolio of consumer obligations capitalizing on strong demand for travel experiences even in the face of the volatility currently being experienced in public markets,' said Fahd Basir, Head of Credit and Opportunistic Investments at Yieldstreet. 'We're excited to partner with Yieldstreet to give more investors access to this rapidly-growing asset class,' said Renaud Laplanche, CEO and Co-founder, Upgrade. 'Flex Pay presents a differentiated opportunity for investors and brings more affordability and flexibility to consumers.' Flex Pay's travel financing services are integrated into checkout pages for major brands including United Airlines (NYSE: UAL), Southwest Airlines (NYSE: LUV), Norwegian Cruise Line (NYSE: NCLH), Carnival Cruise Line (NYSE: CCL), and Wyndham Hotels (NYSE: WH). The platform allows travelers to finance trips with fixed monthly payments, targeting consumers who choose the service for convenience and flexibility as opposed to actively seeking credit. As of April 2025, over $37 billion in loans for more than 6.5 million customers has been originated through Upgrade since its founding, including $6.7 billion in Flex Pay travel financing. Yieldstreet's platform has facilitated over $6 billion in investments to date, providing individual investors with access to asset classes typically available only to institutions. This transaction marks the addition of travel financing to Yieldstreet's growing portfolio of private market opportunities. About Yieldstreet With more than 500,000 members, Yieldstreet is reimagining how wealth is created, helping investors diversify their portfolios with assets spanning real estate, private credit, private equity, art and more. Its award-winning platform offers investments across ten asset classes. For more information, visit About Upgrade Upgrade, Inc. offers affordable and responsible credit, mobile banking and payment products to mainstream consumers. Upgrade has delivered over $37 billion in affordable and responsible credit to customers since its inception in 2017. The company's headquarters are in San Francisco, California, with an operations center in Phoenix, Arizona, a technology center in Montreal, Canada, and regional offices in Atlanta, Georgia, and Irvine, California. Upgrade is a financial technology company, not a bank. More information is available at: Loans made through Flex Pay are offered by these lending partners.
Yahoo
08-04-2025
- Business
- Yahoo
Yieldstreet to introduce automated private markets investment platform
Private markets investment platform Yieldstreet has announced the forthcoming launch of Yieldstreet 360 Managed Portfolios, which it claims to be the first automated solution for investing in private markets. This platform aims to eliminate traditional obstacles associated with private market investments, providing individual investors with diversified access to private equity, private credit, and real estate, tailored to their specific financial objectives. The announcement comes amid significant growth in the private markets sector, which has expanded from $9.7tn in 2012 to $24.4tn in 2023, as reported by EY. Yieldstreet 360 is intended to facilitate passive diversification across these markets through a single investment solution. It will construct and manage diversified portfolios that encompass thousands of underlying assets, addressing challenges such as high minimum investment requirements and complex investment structures. Yieldstreet founder and CEO Michael Weisz said: 'Yieldstreet 360 marks a watershed moment for private markets. Just as ETFs and mutual funds revolutionised access to stocks and bonds by creating a simple and diversified solution, Yieldstreet 360 will do the same for private markets. 'Leading wealth management firms consistently recommend that high-net-worth individuals allocate 10-20% of their portfolios to alternatives.' Investors will have the option to choose from various strategies that align with their financial goals, including income-focused and growth-oriented portfolios. The platform will offer automated investment management, rebalancing, and real-time performance tracking, minimising the need for active investor involvement. The portfolios will be developed by Yieldstreet, utilising asset allocations recommended by Wilshire Advisors, a global investment firm. The initial investments will include funds managed by Goldman Sachs Asset Management, Carlyle, and StepStone Group, with plans for expansion to include additional partners and strategies over time. In 2022, Yieldstreet teamed up with Pantera Capital to launch its first crypto fund. "Yieldstreet to introduce automated private markets investment platform" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
