Making news this week is the bankruptcy of a crypto platform, Meta gives up on Novi, Upstart hits some headwinds, startup funding is down, the US Treasury develops a framework for crypto and more
Upstart has been steadily growing its online lending business and has now announced a new fundraising as well as the launch of a white label software as a service (SaaS) product; the fundraising will add $32.5 million in new capital from investors including: Rakuten, a large US-based asset manager, Third Point Ventures, Khosla Ventures and First Round Capital; Upstart has emerged with many significant developments in the online loan business including next-day funding and a robust proprietary credit underwriting platform built on machine learning and modern technology; with the evolution of the business, the firm has developed a new white label SaaS product called by Powered by Upstart which it is launching at LendIt USA; the service is an extension of the firm's proprietary credit underwriting system driven by machine learning and modern data science. Source
Leading fintech lender Upstart went public on Nasdaq today (ticker: UPST) in a successful IPO that saw the company raise...
Upstart reported slipping revenues and forecasts that fell short of analysts' expectations. Girouard remains positive about their position.
Today Upstart announced a new offering called Credit Decision API; Upstart has already offered a white label solution for banks...
Online consumer lender Upstart has reportedly set out to raise $100mn in their latest fundraising round; the round would put the valuation north of $500mn and upwards of $1bn; the company did not confirm the American Banker report but did say they anticipate completing a finals round in the next year; the company reach profitability last year and the value of loan transactions increased threefold according to a spokeswoman. Source.
Upstart is gearing up for growth. One of the newer marketplace lenders announced some big news today. They have closed...
Upstart announced Q2 earnings on Monday, disappointing investors. The company lost $32.1 million overall, on total revenue of $228 million.
Upstart, who just launched their p2p lending platform a couple of months ago, has made some very interesting changes today...
Upstart has been a pioneer in leveraging artificial intelligence in underwriting. They were talking about AI before any other online...