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Upstart
About
Upstart leverages artificial intelligence and machine learning to price credit and automates the borrowing process.
- 251 - 500
Details
- Last Funding Type
- Series C
- Last Funding Money Raised
- $32.50M
- Industries
- Credit,Financial Services,FinTech,Lending
- Founded date
- Apr 1, 2012
- Number Of Employee
- 251 - 500
- Operating Status
- Active
Upstart is a lending platform that leverages artificial intelligence and machine learning to price credit and automates the borrowing process. The company's proprietary underwriting model identifies borrowers despite limited credit and employment history by using variables including schools attended, area of study, and work experience. Upstart powered banks can offer higher approval rates and experience lower loss rates*, while simultaneously delivering the exceptional digital-first lending experience their customers demand.It was founded in 2012 and headquartered in San Carlos, California.
Funding Rounds
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Mar 2, 2017 | Series C | $32.50M | 1 |
Rakuten
|
— | Detail |
Investments
|
Date
Company Name
|
Round | Money Raised | Industry | Lead Investor |
|---|---|---|---|---|
|
Feb 23, 2022
Teller Finance
|
Series Unknown | $6.85M | Blockchain | — |
