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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.
PRODUCTS & SERVICES
Online Lending Platform. Helps debt holders to consolidate their debts, reduce the interest rate and accelerate repayment period.
The company generates revenue from the interest rates, the interest rates vary from 7 % to 28%
Health Club experts Even Financial - Lending platform for Upstart.
Credit scores are given in non traditional way which makes use of student's future potential rather than past history.
VALUATION / MARKET CAP:
$437.5 M in 2015
Anna M. Counselman
BOARD MEMBERS AND ADVISORS
NUMBER OF EMPLOYEES
DATE OF LAST FUNDING
SEED & PRIOR FUNDING
SEED CLOSED ON
SERIES A · $5.9 M · Apr 2013
SERIES B · $18.9 M · Oct 2014
SERIES C · $32.5 M · Mar 2017
SERIES D · $50 M · Apr 2019
Series D: $32.5 M(Mar 2017)
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