Upstart

lendingp2p lending

FOUNDING YEAR: 2012
LOCATION: United States
Last Update: 19/01/2021

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive WhatsApp community where you can engage in discussions with global industry experts!

About

13,719 followers

MEDICI Analysis

Upstart is an online lending platform that uses data to bring together high potential borrowers and investors. Upstart offers 3-year fixed interest loans. Funds can be used for almost anything, including starting a business, paying for a coding bootcamp, eliminating student debt or paying off credit cards. Their proprietary underwriting model identifies high quality borrowers despite limited credit and employment experience.

Focus

PRODUCTS & SERVICES

Online Lending Platform. Helps debt holders to consolidate their debts, reduce the interest rate and accelerate repayment period.

REVENUE MODEL

The company generates revenue from the interest rates, the interest rates vary from 7 % to 28%

EXISTING PARTNERSHIPS

Health Club experts Even Financial - Lending platform for Upstart.

COMMENT

Credit scores are given in non traditional way which makes use of student's future potential rather than past history.

Traction

VALUATION / MARKET CAP:

$437.5 M in 2015

COMPANY TYPE:

For Profit

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

481,659

AVERAGE VISITS (6 MONTHS)

854,466.73

MONTHLY VISITS GROWTH

1.79%

VISIT DURATION

262

VISIT DURATION GROWTH

2.33%

PAGE VIEWS VISIT

3.58

PAGE VIEWS VISIT GROWTH

-2.06%

BOUNCE RATE

33.12%

BOUNCE RATE GROWTH

-1.55%

GLOBAL TRAFFIC RANK

82,542

MONTHLY RANK CHANGE

-12,822

MONTHLY RANK GROWTH

-13.45%

Join the exclusive global FinTech community

Be a part of the global FinTech community on WhatsApp