Today we’re pleased to announce that Upstart’s first loan securitization has closed. (Finance nerds, just look for “UPST 2017-1” on your Bloomberg terminal). We’re happy to achieve an investment-grade rating on our senior bonds and pricing that reflects confidence in our credit performance. We’re also pleased to welcome fifteen buyers […]
Author: Dave Girouard
Jane joins Upstart from Alibaba, where she managed investor relations for the largest IPO in history ($25B).
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.
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.