Upstart
INDUSTRIESFinance
FOUNDED2012
COUNTRY/TERRITORYUnited States
COFOUNDER AND CEODave Girouard
HEADQUARTERSSan Carlos, California
As of Mar 10, 2020
Online lending platform uses AI and alternative data such as education and employment history, as well as conventional credit score and income info, to underwrite personal loans. Upstart says 70% of its originations are fully automated and that its approach allows it to hold down losses while lending to those with mediocre credit scores.
Funding: $165 million from Google Ventures, Third Point, Khosla Ventures, First Round Capital and more.
Latest valuation: $750 million, according to PitchBook
Bona fides: Since founding in 2012, platform has been used to generate more than $6 billion in loans to over 400,000 borrowers, funded by five partner banks
www.forbes.com/companies/upstart/#1ce132584475
INDUSTRIESFinance
FOUNDED2012
COUNTRY/TERRITORYUnited States
COFOUNDER AND CEODave Girouard
HEADQUARTERSSan Carlos, California
As of Mar 10, 2020
Online lending platform uses AI and alternative data such as education and employment history, as well as conventional credit score and income info, to underwrite personal loans. Upstart says 70% of its originations are fully automated and that its approach allows it to hold down losses while lending to those with mediocre credit scores.
Funding: $165 million from Google Ventures, Third Point, Khosla Ventures, First Round Capital and more.
Latest valuation: $750 million, according to PitchBook
Bona fides: Since founding in 2012, platform has been used to generate more than $6 billion in loans to over 400,000 borrowers, funded by five partner banks
www.forbes.com/companies/upstart/#1ce132584475