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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

Heritage Financial Credit Union Selects Upstart for Personal Lending

Rhea-AI Summary
Heritage Financial Credit Union partners with Upstart to provide personal loans, expanding their reach and offering a digital-first experience. This partnership allows HFCU to gain more members digitally and help them meet their financial needs.
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Idaho Central Credit Union Selects Upstart for Personal Lending

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Idaho Central Credit Union partners with Upstart to provide personal loans, aiming to grow and scale their loan offering and membership through a seamless lending experience.
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Naveo Credit Union Selects Upstart for Personal Lending

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Naveo Credit Union partners with Upstart to provide personal loans, expanding access to credit in Massachusetts neighborhoods.
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Farmers Insurance Federal Credit Union Selects Upstart for Personal Lending

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Farmers Insurance Federal Credit Union (FIGFCU) has partnered with Upstart to offer personal loans to consumers across the country. This collaboration allows FIGFCU to reach a wider audience and provide a modern, all-digital lending experience. Through the Upstart Referral Network, qualified applicants on Upstart.com will receive tailored offers and seamlessly transition into a FIGFCU-branded experience for the application and closing process.
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Upstart Announces Second Quarter 2023 Results

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Upstart Holdings, Inc. (NASDAQ: UPST) announced financial results for Q2 2023. Total revenue was $136 million, a decrease of 40% YoY. Lending partners originated 109,447 loans, totaling $1.2 billion, down 64% YoY. Contribution profit was $95.9 million, down 21% YoY, with a contribution margin of 67%. Adjusted EBITDA was $11.0 million, up from $5.5 million YoY. For Q3 2023, Upstart expects revenue of approximately $140 million, revenue from fees of approximately $150 million, and adjusted EBITDA of approximately $5 million.
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Upstart to Report Second Quarter 2023 Earnings on August 8, 2023

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Upstart Holdings, Inc. (NASDAQ: UPST) will release its second quarter fiscal year 2023 business and financial results on August 8, 2023. The earnings press release and investor presentation will be available on Upstart's investor relations website. A conference call and live webcast will be held at 1:30 p.m. PT / 4:30 p.m. ET.
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Arbor Financial Credit Union Selects Upstart for Personal Lending

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Arbor Financial Credit Union partners with Upstart to provide personal loans to more members
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Texas Bay Credit Union Selects Upstart for Personal Lending

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CME Federal Credit Union Selects Upstart for Personal Lending

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Castlelake Reaches Purchase Agreement for up to $4 Billion of Consumer Installment Loans Originated on Upstart's Platform

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FAQ

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

The current stock price of Upstart Holdings (UPST) is $64.98 as of February 5, 2025.

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

The market cap of Upstart Holdings (UPST) is approximately 5.8B.

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

#1200 Ranked by Market Cap
N/A Ranked by Dividends

UPST Stock Data

5.81B
79.63M
12.63%
57.5%
21.18%
Credit Services
Finance Services
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United States of America
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