Upstart raised a Series D round of $50M from The Progressive Corporation in 2019.
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Upstart (company)
| Type | Public company |
|---|---|
| Revenue | US$848.59 million (2021) |
| Operating income | US$140.88 million (2021) |
| Net income | US$135.44 million (2021) |
| Total assets | US$1.82 billion (2021) |
Similarly, Who owns Upstart holdings?
CEO Of Fintech Lender Upstart Now A Billionaire After Shares Soar 89% In One Day. F resh off a blockbuster earnings report that shattered Wall Street expectations, shares of AI-enabled fintech lender Upstart Holdings skyrocketed Thursday, minting a new billionaire out of Dave Girouard, the firm’s cofounder and CEO.
Who started Upstart? My name is Dave Girouard, co-founder and CEO of Upstart, which is a leading artificial intelligence (“AI”) lending platform. I founded Upstart more than 7 years ago in order to improve access to affordable credit.
Thereof, How does Upstart make money?
Upstart makes most of its money from fees that banks pay. Upstart receives referral fees for each loan, and platform fees are based on the number of loans referred. Upstart also receives a loan servicing fee as customers repay loans.
What funds hold Upst?
Top 10 Mutual Funds Holding Upstart Holdings Inc
| Mutual fund | Stake | Shares owned |
|---|---|---|
| Vanguard Total Stock Market Index… | 0.77% | 650,309 |
| Allianz Global Investors Fund – A… | 0.59% | 491,995 |
| Alger Funds II – Alger Spectra Fu… | 0.58% | 490,587 |
| Vulcan Value Partners Fund | 0.58% | 489,001 |
Is Upstart part of Nasdaq?
Upstart Holdings, Inc. Common stock (UPST) Institutional Holdings | Nasdaq.
Is Upstart publicly traded?
Today marks our fourth earnings report as a publicly traded company, and I continue to be amazed and delighted with the progress the Upstart team has made. This is an entirely unique time in our history and executing as a newly public company in this environment is not without challenges.
Is Upstart a unicorn?
Cloud-based consumer lender Upstart Holdings Inc. set terms Friday for an IPO in which it hopes to raise up to $304 million.
When was UPST founded?
Its platform aggregates consumer demand for loans and connects it to the company’s network of artificial intelligence-enabled bank partners. The company was founded by David Joseph Girouard, Anna Mongayt Counselman and Paul Gu in December 2013 and is headquartered in San Mateo, CA.
Why is Upstart dropping?
UPST’s shares have dropped by -60% from its historical peak in mid-October 2021. The drop in UPST’s stock price is due to a sell-down in the fintech sector and concerns about the company’s rising default rates.
Why is upstart Holdings down?
Shares of Upstart Holdings were trading down 9% Tuesday after Wedbush downgraded the consumer-lending company to Underperform from Neutral, citing delinquency trends in the near future. Upstart shares (ticker: UPST) were down 10.8%, at $112.25, in recent trading. The S&P 500 was up 0.6%.
Why is Upstart unique?
Upstart’s Unique and Profitable Business Model
Contrary to common belief, Upstart makes most of its money from referrals and fees it charges lenders, not from making loans. These lenders want to gain access to Upstart’s AI “platform,” i.e, its database of borrowers generated from its AI software.
What is upstarts valuation?
Upstart has a post-money valuation in the range of $500M to $1B as of Apr 8, 2019 , according to PrivCo.
How many shares of Upst are there?
Share Statistics
UPST has 84.65 million shares outstanding. The number of shares has increased by 372.01% in one year.
Who owns sq stock?
Top 10 Owners of Block Inc
| Stockholder | Stake | Shares owned |
|---|---|---|
| Goldman Sachs & Co. LLC (Private … | 1.88% | 9,725,991 |
| SSgA Funds Management, Inc. | 1.63% | 8,420,947 |
| Morgan Stanley Investment Managem… | 1.48% | 7,619,906 |
| Nikko Asset Management Co., Ltd. | 1.22% | 6,311,284 |
Is there a FinTech ETF?
Global X FinTech ETF (FINX) ETFMG Prime Mobile Payments ETF (IPAY) Bitwise Crypto Industry Innovators ETF (BITQ) Amplify Emerging Markets FinTech ETF (EMFQ)
Is UPST overvalued?
As UPST is also a financial stock, excess returns valuation applies here – and, just as with the above metrics, returns an overpriced judgment. Overall, no matter which financial analysis you employ in valuations, they all seem to point to an overvalued UPST.
Why is UPST stock dropping?
UPST’s shares have dropped by -60% from its historical peak in mid-October 2021. The drop in UPST’s stock price is due to a sell-down in the fintech sector and concerns about the company’s rising default rates.
How many shares of UPST are there?
Share Statistics
UPST has 84.65 million shares outstanding. The number of shares has increased by 372.01% in one year.
Is Upstart a good company to work for?
Is Upstart a good company to work for? Upstart has an overall rating of 4.1 out of 5, based on over 143 reviews left anonymously by employees. 75% of employees would recommend working at Upstart to a friend and 76% have a positive outlook for the business.
How do I become a lender on Upstart?
To invest with Upstart, you must be an accredited investor. This means a net worth of $1 million, excluding your home or an income of $200,000 or more in the last two years. Since you must be an accredited investor, they are open for investing in all states as they only are subject to federal securities regulations.
How fast is Upstart growing?
Upstart is an AI-enabled lending platform. The company grew revenue over 250% in 2021. It’s just getting started in the massive auto lending industry.
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