Upstart is a leading AI lending platform partnering with banks and credit unions to expand access to affordable credit. As we transitioned to being a public company, we’re now poised to leverage our domain expertise and revolutionize every aspect of lending and credit risk evaluation. We’ve recently expanded our offerings to include automobile refinancing and we plan to take on more verticals as the business grows. By leveraging Upstart’s AI platform, Upstart-powered banks and credit unions can have higher approval rates and lower loss rates, while simultaneously delivering the exceptional digital-first lending experience their customers demand. Upstart’s patent-pending platform is the first to receive a no-action letter from the Consumer Financial Protection Bureau related to fair lending. Upstart not only supports a large remote workforce, but also has offices in San Mateo, CA; Columbus, OH; and Austin, TX.
Upstart
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4.35
Overall Excellence Rating
Industry
Financial ServicesCategory
Banking & LendingESG/Ethical Impact
Upstart’s mission is to enable effortless credit based on true risk. Our artificial intelligence (AI) lending marketplace is designed to improve access to affordable credit while reducing the risk and costs of lending for our bank and credit union partners. We believe our model is one of the most accurate, fair, and inclusive in the market, improving outcomes for all groups, and making the credit system more accessible, affordable, and secure. With Upstart’s AI, lenders can approve more applicants, with lower average APRs and at lower loss rates than traditional credit score models. This improves the financial health of Americans and unlocks opportunity for them. Closing the racial wealth gap requires a sustained, collective effort, and Upstart has been partnering with Minority Depository Institutions (MDIs) to expand credit access to previously underserved communities.
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Awards Received
2023
Revenues
514000000
Website Traffic
Employee Rating
3.8
Customer Rating
4.1
Company Size
100-1000
ESG Risk Rating
3