About
Upstart operates an AI lending marketplace connecting borrowers to 100+ bank and credit union partners. Public company (UPST) that hit $219M revenue in Q4 2024 (+56% YoY) and near-breakeven. 91% of loans fully automated; model analyzes 2,500+ variables and approves 44% more borrowers at 36% lower APRs vs. traditional scoring. Q4 2024 saw $2.1B in originations (+68% YoY). Auto loan segment growing 46% QoQ.
Key Facts
- [1]Founded: Founded in 2012 in San Mateo, United States.
- [2]Funding: Total funding: $160M. Last round: Dec 2024. Stage: Public.
- [3]Employees: Employee count: 1,001-5,000.
- [4]Revenue: Annual revenue/ARR: approximately $637M.
- [5]Company Type: Public company.
- [6]Website: Official website: upstart.com.
- [7]AI Technology: Core AI/ML technologies: Predictive ML.
- [8]Region: Region: Americas (United States).
Founders
Dave Girouard
Co-founder & CEO
Paul Gu
Co-founder
Anna Counselman
Co-founder
AI Technology
Predictive ML
Traditional ML algorithms for classification, regression, and scoring models
Classification
Market Segments
Tech Stack Layers
Details
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Frequently Asked Questions
What is Upstart?
Upstart operates an AI lending marketplace connecting borrowers to 100+ bank and credit union partners. Public company (UPST) that hit $219M revenue in Q4 2024 (+56% YoY) and near-breakeven. 91% of loans fully automated; model analyzes 2,500+ variables and approves 44% more borrowers at 36% lower APRs vs. traditional scoring. Q4 2024 saw $2.1B in originations (+68% YoY). Auto loan segment growing 46% QoQ. Upstart is classified in the Lending & Credit segment at the Models layer of the financial AI stack.
Who founded Upstart?
Upstart was founded by Dave Girouard (Co-founder & CEO), Paul Gu (Co-founder), and Anna Counselman (Co-founder) in 2012 in San Mateo, United States. The company has been operating for 14 years. Upstart is now a publicly traded company.
How much funding has Upstart raised?
Upstart has raised $160M in total funding, placing the company at the Public stage. The most recent round closed in Dec 2024. Upstart generates approximately $637M in annual revenue. Among 81 funded Lending & Credit companies, Upstart ranks #39 by total capital raised. (Source: AIFI Map directory.)
What AI technology does Upstart use?
Upstart primarily leverages Predictive ML technology. Traditional ML algorithms for classification, regression, and scoring models. Within the Lending & Credit segment, 58 companies use this technology.
What market segment does Upstart operate in?
Upstart operates in the Lending & Credit and Enterprise Finance market segments. AI lending and credit companies are reimagining how creditworthiness is assessed, loans are originated, and debt is managed across consumer, small business, and commercial markets. The company also has a footprint in enterprise finance, reflecting its cross-functional approach to financial AI.
Where is Upstart headquartered?
Upstart is headquartered in San Mateo, United States. The company operates in the Americas region. The team consists of 1,001-5,000 employees. United States is home to 324 financial AI companies tracked by AIFI Map.
Who are Upstart's competitors?
Companies similar to Upstart in the Lending & Credit space include Feedzai ($431M raised), Sardine ($170M raised), Hawk AI ($83M raised), Resistant AI ($55M raised), Flagright ($8M raised). These companies operate in related areas of financial AI: Feedzai focuses on ai-native fraud and financial crime prevention platform for major banks. Sardine focuses on ai risk platform for fraud, credit, and compliance. Hawk AI focuses on ai-powered aml and fraud detection for banks and fintechs. (Based on AIFI Map classification data.)
What products does Upstart offer?
Upstart builds models-layer solutions for the financial services industry. The company's core offering: AI lending platform using alternative data for credit decisions. The platform is powered by Predictive ML technology.
Is Upstart publicly traded?
Yes, Upstart is a publicly traded company. Annual revenue is approximately $637M.