Upstart Holdings, Inc.

Upstart Holdings, Inc. operates a cloud-based artificial intelligence (AI) lending platform in the United States. The company uses AI to facilitate lending by partnering with banks and credit unions. Its platform offers unsecured personal loans, small dollar loans, auto refinance, auto retail loans, auto secured personal loans, and home equity lines of credit. Upstart's AI model evaluates creditworthiness beyond traditional credit scores, aiming to provide more accessible and fair credit. The company's operations are structured into three segments: Personal Lending, Auto Lending, and Other.

Upstart Holdings, Inc. is listed on the Nasdaq Global Select Market (NasdaqGS) under the ticker symbol UPST. Its shares trade in US dollars (USD). The company is headquartered in San Mateo, California, and primarily serves the United States market.

Upstart Holdings, Inc. operates in the Financial Services sector and is classified under the Credit Services industry. This means the company provides credit-related services, specifically using its AI lending platform to originate and facilitate loans. As a credit services firm, Upstart focuses on lending and credit assessment, leveraging technology to improve the lending process.

Upstart Holdings, Inc. is headquartered in San Mateo, California, United States. The company was founded in 2012 and serves the United States market. Its AI lending platform is available to consumers across the country, partnering with banks and credit unions to offer various loan products. The company's operations are concentrated in the US, and it does not currently have international operations.

Upstart Holdings generates revenue through its cloud-based AI lending platform by facilitating loans for its partners. The company earns fees from banks and credit unions that use its platform to originate loans. Upstart's platform includes unsecured personal loans, small dollar loans, auto refinance, auto retail loans, auto secured personal loans, and home equity lines of credit. By using AI to assess credit risk, Upstart aims to approve more borrowers at lower rates, which drives volume and revenue. The company's business model relies on the success of its AI models in predicting loan performance.