UBER - Upstart: Retooling The World's Credit Systems

• Upstart is a lending platform that leverages AI and 1,600-plus variable inputs to determine creditworthiness, instead of, for example, using a credit score to determine creditworthiness.
• Upstart has two primary business segments: 1) A consumer-facing business, where it creates loans based on its AI lending platform via a partnership with a handful of banks.
• 2) And a B2B business where it sells its platform to banks so that these banks can execute more and better loans, thereby empowering these banks to compete with FinTech platforms.
• This formula for a consumer division and a B2B division has notably worked extraordinarily well for companies such as Square.
• And while Jack Dorsey isn't at the helm of Upstart, we could see, and indeed have already seen, substantial evolution from Upstart into one of the most important AI lending platforms of the 21st Century.

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