Upstart
Personal loans with low fixed rates and next day funding
Upstart is an AI-powered lending marketplace that connects borrowers with regulated financial institutions for personal loans, auto refinancing, home equity lines of credit, and short-term loans. It uses non-traditional data beyond credit scores to assess applicants, aiming to offer lower rates than traditional models. Borrowers can check their rate in minutes without impacting their credit score.
Upstart's AI model evaluates applicants using credit, income, and other data to match them with loan offers from partner financial institutions, with rate checks taking about 5 minutes and next-day funding available.
Consumers seeking personal loans, auto refinancing, or debt consolidation
Background.
- Status
- launched
- Business model
- marketplace
- Company
- Upstart Holdings, Inc.
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