Upstart Holdings Inc UPST

Financial Services Credit Services

Upstart Holdings, Inc. is a cloud-based artificial intelligence (AI) lending marketplace. The Company’s platform aggregates consumer demand for loans and connects it to its network of Upstart AI-enabled bank and credit union partners. Its AI models are provided to bank partners within a consumer-facing cloud application that streamlines the end-to-end process of originating and servicing a loan. It has built a configurable, multi-tenant cloud application designed to integrate seamlessly into a bank’s existing technology systems. Its configurable platform allows each bank to define its own credit policy and determine the parameters of its lending program. The AI models use and analyze data from all of its bank partners. Its consumers can discover Upstart-powered loans in one of two ways: either through Upstart.com or through a bank-branded product on its bank partners’ own Websites. It also has investments in Upstart Auto Retail, a front-end software-as-a-service application.