2024-03-23 22:02:46 ET
Summary
- Upstart Holdings aims to disrupt the lending market with its AI platform, but its monetization of its customer and partner base is not strong.
- The company's AI lending platform uses machine learning to offer a better credit underwriting experience to banks and credit unions.
- Upstart's growth prospects rely on expanding its partners, adding new products, and potentially internationalizing its business. However, its financial performance has been mixed, with operating losses and declining loan originations.
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Upstart Holdings: Still Too Risky