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Upstart Holdings, Inc. - UPST STOCK NEWS

Welcome to our dedicated page for Upstart Holdings news (Ticker: UPST), a resource for investors and traders seeking the latest updates and insights on Upstart Holdings stock.

Upstart Holdings, Inc. (symbol: UPST) is a pioneering financial technology company that leverages artificial intelligence (AI) and machine learning to transform the credit lending process. Founded by ex-Googlers, Upstart has revolutionized the lending industry by using advanced algorithms to assess credit risk and automate the borrowing process, making it more efficient and accessible.

Upstart's core business revolves around its proprietary, cloud-based AI lending platform, which aggregates consumer demand for loans and connects it to a network of AI-enabled bank partners. This platform supports a variety of loan types, including personal loans, automotive retail and refinance loans, home equity lines of credit, and small-dollar loans.

One of Upstart's key offerings is their direct-to-consumer lending platform, which has achieved impressive credit performance and garnered the industry's highest consumer ratings. Additionally, Upstart extends its technology to banks, credit unions, and other partners through a SaaS product known as Powered by Upstart. This service allows financial institutions to integrate advanced AI-driven credit assessment tools, improving their lending efficiency and customer satisfaction.

Recent achievements include expanding their product portfolio and forging significant partnerships with leading financial institutions. The company's latest projects focus on enhancing their AI models to provide even more accurate risk assessments and expanding their reach within the fintech ecosystem.

Upstart is financially robust, continuously innovating, and committed to providing excellent services to both consumers and partners. For more details about their operations and opportunities, visit Upstart About and Upstart Careers.

Stay updated with the latest news and developments from Upstart Holdings, Inc.:

  • Latest News: Source: Upstart
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News

Kaua'i Federal Credit Union Selects Upstart for Personal Lending

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Kaua'i Federal Credit Union partners with Upstart to offer personal loans to members, enhancing financial wellness and expanding access to credit.
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Liberty Savings Bank Selects Upstart for Personal Lending

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Liberty Savings Bank partners with Upstart to offer personalized loans to customers, enhancing access to affordable credit
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Upstart Delivers Reservation and Deposit System for New Kia EV9 SUV

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Upstart, a leading AI lending marketplace, has been chosen by Kia as the exclusive technology provider for the launch of the new Kia EV9 SUV in the US. Upstart's Build & Price Reservations system allows customers to reserve, deposit, and customize their vehicle online. This partnership aims to enhance the car-buying experience for Kia dealers and customers alike.
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Upstart Announces Fourth Quarter and Full Year 2023 Results

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Upstart Holdings, Inc. (UPST) announced Q4 and fiscal year 2023 financial results, showing a 4% revenue increase sequentially but a 39% decrease annually. Despite challenges, the company improved efficiency and profitability. Key metrics include a 17% contribution profit increase in Q4 and an adjusted EBITDA of $0.6 million. For FY 2023, total revenue was $514 million, with a 63% contribution margin. The company expects $125 million in revenue for Q1 2024.
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Upstart Expands AI-Powered Vehicle Financing Nationwide

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Upstart (NASDAQ: UPST) announces nationwide expansion of auto retail financing capability to reach 90% of U.S. consumers by Q1 2024, with interest rates at 20-year highs. Dealers can approve more borrowers with a 50% higher gross, enhancing the digital-first experience. The platform's enhanced features enable a faster sales process and higher lead-to-sale conversion rates, with integrations to leading Dealer Management System (DMS) solutions and a unified digital desking and reporting system. Over 700 dealers are already benefiting from these features.
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Upstart to Report Fourth Quarter and Full Year 2023 Earnings on February 13, 2024

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Upstart Holdings, Inc. (NASDAQ: UPST) will release its fourth quarter and fiscal year 2023 business and financial results on February 13, 2024, followed by a conference call and live webcast. The earnings press release and investor presentation will be available on Upstart’s investor relations website. The live webcast will be accessible on the website, with an archived webcast available after the conference call.
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Maine Savings Selects Upstart for Personal Lending

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Maine Savings (NASDAQ: UPST) partners with Upstart to provide personal loans, aiming to improve the financial well-being of its members and offer a modern, digital-first personal lending experience. The partnership allows Maine Savings to lend to more creditworthy borrowers across their community while expanding their membership.
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Mutual Security Credit Union Selects Upstart for Personal Lending

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Mutual Security Credit Union (MSCU) partners with Upstart (NASDAQ: UPST) to provide personal loans, aiming to extend their reach and provide a modern, digital-first experience to drive more inclusive lending within the community.
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High Point Federal Credit Union Selects Upstart for Personal Lending

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High Point Federal Credit Union (NASDAQ: UPST) partners with Upstart to offer personal loans, aiming to provide a modern, digital-first experience for new members seeking financial assistance. The partnership allows qualified personal loan applicants on Upstart.com to receive tailored offers and seamlessly transition into a High Point Federal Credit Union-branded experience to complete the online member application and closing process.
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REGIONAL federal credit union Selects Upstart for Personal Lending

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REGIONAL Federal Credit Union (NASDAQ: RFCU) partners with Upstart to expand personal loan access in Northwest Indiana. The collaboration aims to reach non-members, providing a modern, digital-first experience for qualified loan applicants.
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FAQ

What is the current stock price of Upstart Holdings (UPST)?

The current stock price of Upstart Holdings (UPST) is $64.08 as of January 3, 2025.

What is the market cap of Upstart Holdings (UPST)?

The market cap of Upstart Holdings (UPST) is approximately 5.7B.

What does Upstart Holdings, Inc. do?

Upstart Holdings, Inc. uses artificial intelligence to transform credit lending, offering various loan types via its proprietary AI lending platform.

What types of loans does Upstart offer?

Upstart offers personal loans, automotive retail and refinance loans, home equity lines of credit, and small-dollar loans.

How does Upstart's AI lending platform work?

The platform aggregates consumer demand for loans and connects it to a network of AI-enabled bank partners, using advanced algorithms to assess credit risk.

What is 'Powered by Upstart'?

'Powered by Upstart' is a SaaS offering that allows banks, credit unions, and other partners to use Upstart's AI-driven credit assessment tools.

Who founded Upstart Holdings, Inc.?

Upstart was founded by ex-Googlers who aimed to innovate the credit lending industry with AI and machine learning.

How can I learn more about Upstart?

You can visit Upstart's official website for more information at https://www.upstart.com/about.

Is Upstart a financially stable company?

Yes, Upstart is financially robust and continuously innovating within the fintech industry.

What recent achievements has Upstart made?

Recent achievements include expanding their product portfolio and forming significant partnerships with leading financial institutions.

Where can I find career opportunities at Upstart?

You can explore career opportunities at Upstart by visiting https://www.upstart.com/careers.

How can I stay updated with Upstart's latest news?

Stay updated by following Upstart's latest news and developments listed on their website and other financial news sources.
Stock UPST logo
Upstart Holdings, Inc.

Nasdaq:UPST

UPST Rankings

#1192 Ranked by Market Cap
N/A Ranked by Dividends

UPST Stock Data

5.72B
79.73M
12.52%
56.51%
23.65%
Credit Services
Finance Services
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United States of America
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