UPST 2020 Model Book

Upstart Holdings, Inc. (UPST)

Upstart Holdings, Inc., founded in 2012 by Dave Girouard, Anna Counselman, and Paul Gu, is a financial technology company headquartered in San Mateo, California. The company operates a cloud-based artificial intelligence (AI) lending platform that partners with banks and credit unions to provide consumer loans. By utilizing non-traditional variables such as education and employment history, Upstart aims to improve access to affordable credit while reducing the risk and costs associated with lending for its partners.