Upstart Holdings, Inc.

Upstart Holdings, Inc. is a cloud-based artificial intelligence (AI) lending platform that connects consumers with banks and credit unions. Founded in April 2012 and incorporated as Upstart Holdings, Inc. in December 2013, the company's mission is to radically reduce the cost and complexity of borrowing for all Americans by leveraging proprietary AI models to streamline the lending process. Its headquarters are located in San Mateo, California.

Upstart's platform aggregates consumer demand for loans and utilizes AI models, which incorporate over 1,000 variables and are trained by millions of repayment events, to assess creditworthiness beyond traditional FICO scores. The company operates across three primary segments: Personal Lending, which includes unsecured personal loans and small dollar loans; Auto Lending, covering auto refinance and retail loans; and an 'Other' segment that encompasses products like Home Equity Lines of Credit (HELOCs). Upstart also recently introduced 'Cash Line,' a new revolving line of credit.

In a notable leadership transition, co-founder Paul Gu is slated to assume the role of CEO on May 1, 2026, with current CEO David Girouard transitioning to Executive Chairman. The company has recently secured significant forward-flow agreements, including a multi-year $1.25 billion deal with Fortress Investment Group and a $1.2 billion agreement with Centerbridge Partners, L.P. in April 2026. Upstart is positioned as a leading AI lending marketplace within the Credit Services segment of the Financial Services sector, aiming for a 35% compound annual growth rate over the next three years.