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.
News and Insights
We’re excited to announce that you’re now be able to invest on Upstart with an Individual Retirement Account! Investing in Upstart loans can be a great way to earn a solid returns with low volatility and monthly cash flow.
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.
We’re committed to providing fairly priced loans to quality borrowers who aren’t well-served by traditional lenders. Since launching loans less than a year ago, we’ve originated more than 5,000 loans totaling $70M, including more than $14M in March alone!
After much introspection and deliberation, we’ve found just the right words to describe our mission:
Financial fitness for all.
As of today, borrowers on Upstart who accept their loan by 5PM ET will receive their funds the next day*. We’ve accomplished this by automating all investing on Upstart, so that all approved loans fund virtually instantly.