Upstart Holdings, Inc.

Upstart operates a cloud-based AI lending platform that uses machine learning models to assess creditworthiness and automate loan origination and decisioning. The company's technology integrates with bank and credit union partners to streamline underwriting processes across multiple loan categories, serving as a software and services provider to financial institutions rather than originating loans directly.

The platform spans three primary segments: Personal Lending, which includes unsecured personal loans and small dollar loans; Auto Lending, encompassing auto refinance, auto retail loans, and auto-secured personal loans; and Other, which includes home equity lines of credit and ancillary services. Revenue is derived from fees charged to financial institution partners for accessing the platform and facilitating loan originations through Upstart's technology.

Headquartered in San Mateo, California, Upstart operates with approximately 1,405 full-time employees and maintains a U.S. geographic focus. The company was incorporated in Delaware and is publicly listed on Nasdaq. Founded in 2012, Upstart has positioned itself at the intersection of consumer lending and artificial intelligence, targeting the credit services market through partnerships with institutional lenders rather than direct consumer distribution.