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Upstart is an AI lending platform that partners with banks and credit unions to provide consumer loans using non-traditional variables, such as education and employment, to predict creditworthiness. The founding team includes Dave Girouard, former President of Enterprise Google ; Paul Gu, a Thiel Fellow ; and Anna Counselman, former Manager of ...
Image source: Getty Images. 1. It has clear competitive advantages. Upstart's online platform approves loans for banks, credit unions, and auto dealerships.
Upstart uses artificial intelligence to make lending decisions.
The company uses artificial intelligence to make lending decisions. Stock prices used were the afternoon prices of Dec. 2, 2024. The video was published on Dec. 4, 2024.
Upstart's earnings show the company is firmly back in growth mode.
LendingClub is a financial services company headquartered in San Francisco, California. [6] It was the first peer-to-peer lender to register its offerings as securities with the Securities and Exchange Commission (SEC), and to offer loan trading on a secondary market.
Upstart is a young cyclical company vulnerable to economic and market conditions, making it riskier than blue chip stocks and a bad choice for more conservative, risk-averse investors.
Thanks to financial performance that appears to be stabilizing, shares of Upstart (NASDAQ: UPST) are on the upswing. In the past six months, they have soared 200% (as of Nov. 22), trouncing the 13 ...