Upstart

lendingp2p lending

FOUNDING YEAR: 2012
LOCATION: United States
Last Update: 17/07/2020

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About

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

Momentum

FUNDED

YES

TOTAL FUNDING

$109.05 M

DATE OF LAST FUNDING

Apr 2019

SEED & PRIOR FUNDING

$1.75 M

SEED CLOSED ON

Aug 2012

FUNDING SERIES

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

LISTED

NO

COMMENT

Series D: $32.5 M(Mar 2017)

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