We’re launching “Powered by Upstart”, a Software-as-a-Service offering derived from Upstart’s top-rated consumer lending platform. From rate requests through servicing and collections, this SaaS service brings modern technology and data science to the entire lending lifecycle.
Author: Dave Girouard
Upstart raises $32.5M with Rakuten, Third Point Ventures, Khosla Ventures, and First Round Capital. Sanjay Datta joins Upstart as CFO.
All else being equal, the fastest company in any market will win.
Contrary to concerns about marketplace lending credit performance, Upstart has seen low loss rates across all loan grades and no performance degradation.
Marketplace lending is a team sport, and we’re excited to announce a new member of the Upstart team. Jamie Ramenofsky joins us this week to lead our capital markets and institutional investor initiatives.
The first Upstart loan was originated just over a year ago, and 8,920 loans later, we’re thrilled to announce that we’ve raised $35 million to help further our mission.