Upstart | Company Profile - Revenue, Headcount, Tech Stack, Contacts

Upstart is an AI-powered lending platform founded in 2012 and based in San Mateo, California. The company utilizes artificial intelligence and machine learning to enhance credit underwriting, allowing banks and credit unions to offer more accurate and inclusive consumer loans. Connecting millions of consumers with over 100 financial institutions, Upstart provides a wide range of credit products such as personal loans, automotive loans, home equity lines of credit, and small dollar relief loans.

Initially, Upstart launched with Income Share Agreements but shifted its approach in 2014 to AI-driven personal loan underwriting. By incorporating non-traditional variables like education and employment history, the platform aims to improve creditworthiness predictions and expand access to affordable credit. Major milestones include originating over $1 billion in loans by 2017 and a public offering in 2020. Its mission centers on simplifying borrowing for Americans through innovative AI solutions.