Upstart

Overview

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.

Basic Information

Contact Details

• Phone: +1 415-593-5400
• Website: upstart.com
• LinkedIn: linkedin.com/company/upstart-network

Key Focus Areas & Initiatives

• Personal loans
• Fintech
• Marketplace lending
• Consumer credit
• Auto lending
• Machine learning
• Artificial intelligence (AI) underwriting
• Credit risk management
• Digital loan management
• Regulatory compliance
• Loan approval automation
• Credit scoring innovation
• Loan disbursement & funding speed
• Credit access expansion
• Automated credit decisioning
• Personalized rates & loan offers
• Financial inclusion tools
• Home equity line of credit
• Lending analytics
• Loan processing automation
• Digital credit solutions

Technologies Used

• AI
• Atlassian Cloud
• CloudFlare Hosting
• Cloudflare DNS
• Gmail
• Google Apps
• Greenhouse.io
• Microsoft Office 365
• Mixpanel
• Pantheon
• React Redux
• Salesforce
• Sendgrid

Affiliated Organizations & Regional Branches

• Prodigy Software Inc.