Upstart Holdings, Inc.

About Upstart Holdings, Inc.

Upstart Holdings, Inc. operates a cloud-based lending platform that uses artificial intelligence to assess borrower credit risk beyond traditional FICO scores. Founded by ex-Googlers in 2012 and headquartered in San Mateo, California, the company partners with banks and credit unions to originate personal, auto refinance, and small-dollar loans. Its machine-learning models analyze education, employment, and cash-flow data to predict default likelihood, enabling higher approval rates and lower APRs for consumers while reducing fraud and loss rates for lenders. Upstart earns fees from loan facilitation, servicing, and referral services; it does not hold loans on its balance sheet.