JHVEPhoto Upstart Holdings (NASDAQ:UPST)
Wants to disrupt the lending market through its AI platform, but so far the monetization of its customer and partners’ base is not great, raising questions about the sustainability of its business model.
Company Overview
Upstart is a fintech company, combining technological capabilities applied to the financial sector, namely it offers a cloud-based artificial intelligence (AI) lending platform. It was founded in 2021 and has been listed since 2020 on the NASDAQ stock exchange and its market value is about $2.3 billion. Its core business is the development and offering of its lending platform, which uses machine learning to, theoretically, offer a better credit underwriting experience to banks and credit unions. Its goal is to reduce the risk and cost of lending for banking partners, by using its AI models and applications, to better analyze credit risk and offer mostly a digital experience.
