Upstart (company)

Upstart Holdings, Inc.

Traded asNasdaq: UPST, Russell 1000 component
IndustryFinancial technology
FoundedApril 2012
FounderDave Girouard, Anna Counselman, Paul Gu
HeadquartersSan Mateo, California, U.S.
Area servedUnited 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.

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