Upstart is a lending platform that uses artificial intelligence to improve access to affordable credit. Based in California and founded by former Google employees in 2012, Upstart also applies AI to reduce lending risks and costs for its bank partners.3 Jan 2022
Where is Upstart from?
San Mateo
Who owns Upstart lending?
Type Public
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Founder Dave Girouard Anna Counselman Paul Gu
Headquarters San Mateo, California, U.S.
Area served United States
Revenue US$233.416 Million (Fiscal Year Ended 31 December 2020)
Is Upstart a legit company?
The Better Business Bureau gives Upstart, an accredited business, a B+ rating. Upstart has earned an excellent rating of 4.9 out of 5 stars on Trustpilot based on more than 19,000 reviews.3 Jan 2022
Is Upstart a Chinese company?
The Shanghai-based, female-focussed sportswear brand has raised nearly 100 million yuan ($15.7 million) in a series C round of financing, led by Belle International, one of China's largest footwear retailers.7 Dec 2021
How long does it take to get an answer from Upstart?
Upstart Review Summary Another downside to Upstart loans is that it can take as long as 14 business days to get a decision in some cases. It only takes 1 - 3 business days to get funded after approval, though.20 Jan 2022
Does Upstart let you skip a payment?
If a borrower fails to pay the full monthly payment amount within 10 calendar days of its due date, Upstart charges a late fee equal to 5% of the past due amount or $15, whichever is greater. Prepayment penalty fees. Upstart does not charge prepayment penalties for borrowers who wish to pay off their loan early.20 Dec 2021
Is Upstart and upgrade the same company?
Upgrade is the closest lender to Upstart out there. They offer the same loan amounts and have similar credit score requirements, interest rates and fees — both charge origination fees as high as 8%.9 Sept 2021
What is the catch with Upstart?
Upstart charges a late fee that is either 5% of the amount that is past due or $15, whichever is greater. If you request paper copies of your loan agreement you pay a $10 fee, but virtual copies are free. There are no early payoff penalties with Upstart loans.15 Jun 2021
Does Upstart usually approve?
Minimum credit score: The Upstart credit requirement is a score of at least 580, according to the company website. This process will not affect your credit score, though if you decide to apply for a loan afterward, Upstart will do a hard pull for approval.20 Jan 2022