Upstart is a lending company that uses artificial intelligence (AI) to automate the lending process. The company was founded in 2012 by a group of ex-Google employees who wanted to use their expertise in machine learning to revolutionize the lending industry. Since then, Upstart has become one of the fastest-growing lending companies in the United States, with over $9 billion in loans originated to date.
Upstart’s AI technology is designed to analyze a borrower’s creditworthiness based on a wide range of factors, including their education, employment history, and income. This allows the company to make more accurate lending decisions than traditional lenders, who often rely solely on credit scores to determine a borrower’s risk level.