Upstart

About Upstart

Upstart is an online personal loan platform. It has originated over $5.2B in loans for over 300,000 borrowers. It is backed by Google Ventures, Khosla Ventures, and other leading investors. It originates loans for bank and credit union partners.

Upstart uses an artificial-intelligence-based lending approach and incorporates other information, such as education and employment, along with new types of modeling to be able to better predict the likelihood of someone paying a loan back. It partners with banks and credit unions to generate loans using this approach. Traditional lenders such as banks have used statistical models for decades to predict risk. Everyone generally uses the same approach. This means that everyone generally arrives at the same conclusion. Upstart is trying to differentiate in this respect.

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