Upstart Holdings, Inc.
|Traded as||Nasdaq: UPST, Russell 1000 component|
|Founder||Dave Girouard, Anna Counselman, Paul Gu|
|Headquarters||San Mateo, California, U.S.|
|Area served||United States|
- Upstart is an AI lending platform that partners with banks and credit unions to provide consumer loans using non-traditional variables, such as education and employment, to predict creditworthiness.
- In addition to traditional underwriting criteria – FICO score, credit report, and income
- The Upstart underwriting considers education variables—colleges attended, area of study, GPA, and standardized test scores— and work history to develop a statistical model of the borrower's financial capacity and personal propensity to repay.
- In late 2020, Upstart went public via an IPO.