Upstart - Smarter Loans

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A Smarter Loan. You Earned It. You are more than your credit score. Upstart considers your education and experience to give you the rate you deserve.

Founded by ex-Googlers, Upstart is the first lending platform to leverage artificial intelligence and machine learning to price credit and automate the borrowing process. Upstart has demonstrated unparalleled credit performance1 and the industry’s highest consumer ratings.2 In addition to its direct-to-consumer lending platform, Upstart provides technology to banks, credit unions and other partners via a “Software-as-a-Service” offering called Powered by Upstart. Lending is centuries old, but has changed little in recent decades. Almost all lenders use FICO-based models to decide who is approved for credit and at what interest rate. While simple and intuitive, these “scorecard” methods are limited in their ability to quantify risk. More than four in five Americans have never defaulted on a loan, yet less than half have access to prime credit.3 The implication is eye-opening: with a smarter credit model, lenders could approve almost twice as many borrowers, with fewer defaults. AI/ML are upending existing industries and creating new ones. Whether self-driving cars, home assistants, or language translation, software that learns and improves on its own has moved from research labs to mainstream in just a few years. Upstart is one of the first to apply AI/ML to the multi-trillion dollar credit industry. Upstart goes beyond FICO, using non-conventional variables at scale to provide superior loan performance and improve consumers' access to credit. The system improves constantly, learning and optimizing in response to daily loan-level repayment and delinquency data.

Learn more at upstart.com


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About The Company
Upstart
  • Finance
  • 1 Product
  • 0 Case Studies

Upstart is the first lending platform to leverage machine learning to price credit and automate the borrowing process.

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