Upstart Holdings Inc provides credit services. The company provides a proprietary, cloud-based, artificial intelligence lending platform.
Upstart trades on the Nasdaq under the ticker symbol UPST. The company went public via an Initial Public Offering (IPO) in late 2020. Upstart is a leading 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. The platform aggregates consumer demand for loans and connects it to the network of Upstart AI-enabled bank partners.
Upstart partners with banks and credit unions to offer more affordable credit. The banks and credit union customers who work with Upstart are more likely to have higher approval rates and lower loss rates. After being a public company, Upstart plans to leverage domain expertise and change aspects of leading and credit risk evaluation.
The founding team includes Dave Girouard, former President of Enterprise Google, Paul Gu, a Thiel Fellow, and Anna Counselman, former Manager of Global Enterprise Customer Programs and Gmail Consumer Operations at Google.