Upstart Holdings Inc (UPST)
72.78 +5.39 (8.00%)
Upstart Holdings Inc is a financial technology company that leverages artificial intelligence and advanced algorithms to improve the loan origination process. By utilizing a data-driven approach, the company enables lenders to make more informed credit decisions, ultimately facilitating faster and more accurate personal loans for consumers. Upstart's platform analyzes a wide variety of data points beyond traditional credit scores to assess risk, which helps expand access to credit for individuals who may be underserved by conventional lending practices. Additionally, Upstart partners with banks and credit unions, providing them with tools to enhance their lending operations while promoting financial inclusion.
DR Bank Chooses Upstart’s Small-Dollar Loan Product to Expand Access to Credit
Upstart (NASDAQ: UPST), the leading artificial intelligence (AI) lending marketplace, today announced that DR Bank, an FDIC-insured member bank, is using Upstart’s small-dollar loan product to support customers with short-term financial needs.
By Upstart · Via Business Wire · November 19, 2024
UNCLE Credit Union Selects Upstart for Personal Lending
UNCLE Credit Union (UNCLE), a Northern California-based credit union with over 38,000 members, has announced a new partnership with Upstart (NASDAQ: UPST), the leading artificial intelligence (AI) lending marketplace, to provide personal loans to new and existing members.
By Upstart · Via Business Wire · November 13, 2024
Upstart Announces Pricing of Offering of $425,000,000 of 1.00% Convertible Senior Notes Due 2030
Upstart Holdings, Inc. (NASDAQ: UPST) today announced the pricing of $425,000,000 aggregate principal amount of Convertible Senior Notes due 2030 (the “notes”) in a private offering (the “offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A promulgated under the Securities Act of 1933, as amended (the “Securities Act”). Upstart also granted the initial purchasers of the notes an option to purchase, within a 13-day period beginning on, and including, the date the notes are first issued, up to an additional $75,000,000 aggregate principal amount of the notes. The sale of the notes to the initial purchasers is expected to settle on November 15, 2024, subject to customary closing conditions.
By Upstart Holdings, Inc. · Via Business Wire · November 12, 2024
Upstart Announces Proposed Private Offering of $425,000,000 of Convertible Senior Notes Due 2030
Upstart Holdings, Inc. (NASDAQ: UPST) today announced its intention to offer, subject to market conditions and other factors, $425,000,000 aggregate principal amount of Convertible Senior Notes due 2030 (the “notes”) in a private offering (the “offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A promulgated under the Securities Act of 1933, as amended (the “Securities Act”). Upstart also expects to grant the initial purchasers of the notes an option to purchase, within a 13-day period beginning on, and including, the date the notes are first issued, up to an additional $75,000,000 aggregate principal amount of the notes.
By Upstart Holdings, Inc. · Via Business Wire · November 12, 2024
Upstart Announces Third Quarter 2024 Results
Upstart Holdings, Inc. (NASDAQ: UPST), the leading artificial intelligence (AI) lending marketplace, today announced financial results for its third quarter of fiscal year 2024 ended September 30, 2024. Upstart will host a conference call and webcast at 1:30 p.m. Pacific Time today. An earnings presentation and link to the webcast are available at ir.upstart.com.
By Upstart Holdings, Inc. · Via Business Wire · November 7, 2024
Upstart Launches T-Prime
Upstart (NASDAQ: UPST), the leading artificial intelligence (AI) lending marketplace, today announced the launch of its T-Prime lending program. This new initiative in the Upstart Referral Network enables banks and credit unions to reach America’s more affluent “super prime” borrowers. Fourteen lenders have already signed up for T-Prime.
By Upstart · Via Business Wire · October 24, 2024
WECU Selects Upstart for Personal Lending
WECU, a Washington-based credit union with over 160,000 members and over $2.7 billion in assets, has announced a new partnership with Upstart (NASDAQ: UPST), the leading artificial intelligence (AI) lending marketplace, to provide personal loans to new and existing members.
By Upstart · Via Business Wire · October 23, 2024
Blue Owl Capital and Upstart Partner on Consumer Credit in $2 Billion Agreement
Upstart (NASDAQ: UPST), the leading artificial intelligence (AI) lending marketplace, today announced a programmatic purchase commitment from funds managed by Blue Owl Capital Inc. (“Blue Owl”). Blue Owl’s Alternative Credit strategy will purchase up to $2 billion of consumer loans on the Upstart platform over 18 months. The transaction includes an initial acquisition of a $290 million personal loan portfolio, which closed in September.
By Upstart · Via Business Wire · October 10, 2024
Upstart to Report Third Quarter 2024 Earnings on Nov. 7, 2024
Upstart Holdings, Inc. (NASDAQ: UPST), the leading artificial intelligence (AI) lending marketplace, announced today that its third quarter fiscal year 2024 business and financial results will be released on Thursday, Nov. 7, 2024, after the market close. Upstart will host a conference call and live webcast that day at 1:30 p.m. PT / 4:30 p.m. ET. Prior to the conference call, the third quarter 2024 earnings press release and investor presentation will be available on Upstart’s investor relations website at ir.upstart.com.
By Upstart Holdings, Inc. · Via Business Wire · October 7, 2024
MIT Federal Credit Union Selects Upstart for Personal Lending
MIT Federal Credit Union (MIT FCU), a full-service, Massachusetts-based credit union serving over 35,000 members, has announced a new partnership with Upstart (NASDAQ: UPST), the leading artificial intelligence (AI) lending marketplace, to provide personal loans to new and existing members.
By Upstart · Via Business Wire · October 2, 2024
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Upstart Announces Upsize and Pricing of Offering of $375,000,000 of 2.00% Convertible Senior Notes Due 2029
Upstart Holdings, Inc. (NASDAQ: UPST) today announced the pricing of $375,000,000 aggregate principal amount of Convertible Senior Notes due 2029 (the “notes”) in a private offering (the “offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A promulgated under the Securities Act of 1933, as amended (the “Securities Act”). The aggregate principal amount of the offering was increased from the previously announced offering size of $300.0 million. Upstart also granted the initial purchasers of the notes an option to purchase, within a 13-day period beginning on, and including, the date the notes are first issued, up to an additional $56,250,000 aggregate principal amount of the notes. The sale of the notes to the initial purchasers is expected to settle on September 19, 2024, subject to customary closing conditions.
By Upstart Holdings, Inc. · Via Business Wire · September 17, 2024
Upstart Announces Proposed Private Offering of $300,000,000 of Convertible Senior Notes Due 2029
Upstart Holdings, Inc. (NASDAQ: UPST) today announced its intention to offer, subject to market conditions and other factors, $300,000,000 aggregate principal amount of Convertible Senior Notes due 2029 (the “notes”) in a private offering (the “offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A promulgated under the Securities Act of 1933, as amended (the “Securities Act”). Upstart also expects to grant the initial purchasers of the notes an option to purchase, within a 13-day period beginning on, and including, the date the notes are first issued, up to an additional $45,000,000 aggregate principal amount of the notes.
By Upstart Holdings, Inc. · Via Business Wire · September 16, 2024
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Fibre Federal Credit Union Selects Upstart for Personal Lending
Fibre Federal Credit Union (Fibre Federal), a Washington-based credit union with over 118,000 members and over $1.6 billion in assets, has announced a new partnership with Upstart (NASDAQ: UPST), the leading artificial intelligence (AI) lending marketplace, to provide personal loans to new and existing members.
By Upstart · Via Business Wire · August 28, 2024
AMOCO Federal Credit Union Selects Upstart for Personal Lending
AMOCO Federal Credit Union (AMOCO), a Texas-based, member-owned cooperative organization with over 106,000 members and over $1.4 billion in assets, has announced a new partnership with Upstart (NASDAQ: UPST), the leading artificial intelligence (AI) lending marketplace, to provide personal loans to new and existing members.
By Upstart Holdings, Inc. and AMOCO Federal Credit Union · Via Business Wire · August 14, 2024
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Via MarketBeat · August 7, 2024
Upstart Announces Second Quarter 2024 Results
Upstart Holdings, Inc. (NASDAQ: UPST), the leading artificial intelligence (AI) lending marketplace, today announced financial results for its second quarter of fiscal year 2024 ended June 30, 2024. Upstart will host a conference call and webcast at 1:30 p.m. Pacific Time today. An earnings presentation and link to the webcast are available at ir.upstart.com.
By Upstart Holdings, Inc. · Via Business Wire · August 6, 2024
The Bank of Elk River Selects Upstart for Digital Personal Lending
The Bank of Elk River, one of the largest community banks in Sherburne County, Minnesota, has announced a new partnership with Upstart (NASDAQ: UPST), the leading artificial intelligence (AI) lending marketplace, to provide digital-initiated personal loans to customers outside of their typical footprint.
By Upstart · Via Business Wire · July 24, 2024
Texans Credit Union Selects Upstart for Personal Lending
Texans Credit Union, one of the largest credit unions in Texas with more than 123,000 members and $2.2 billion in assets, has announced their partnership with Upstart (NASDAQ: UPST), the leading artificial intelligence (AI) lending marketplace, to offer personal loans to consumers.
By Upstart · Via Business Wire · July 10, 2024
Upstart to Report Second Quarter 2024 Earnings on Aug. 6, 2024
Upstart Holdings, Inc. (NASDAQ: UPST), the leading artificial intelligence (AI) lending marketplace, announced today that its second quarter fiscal year 2024 business and financial results will be released on Tuesday, Aug. 6, 2024 after the market close. Upstart will host a conference call and live webcast that day at 1:30 p.m. PT / 4:30 p.m. ET. Prior to the conference call, the second quarter 2024 earnings press release and investor presentation will be available on Upstart’s investor relations website at ir.upstart.com.
By Upstart Holdings, Inc. · Via Business Wire · July 9, 2024
Diamond Credit Union Selects Upstart for Personal Lending
Diamond Credit Union, a leading credit union in Pennsylvania holding over $1 billion in assets with over 64,000 members, has announced a new partnership with Upstart (NASDAQ: UPST), the leading artificial intelligence (AI) lending marketplace, to provide personal loans to new and existing members.
By Upstart · Via Business Wire · June 20, 2024
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Seattle Credit Union Selects Upstart for Personal Lending
Seattle Credit Union, a leading credit union and Community Development Financial Institution (CDFI) in Washington state with over $1 billion in assets and 55,000 members, has announced a new partnership with Upstart (NASDAQ: UPST), the leading artificial intelligence (AI) lending marketplace, to provide personal loans to new and existing members.
By Upstart · Via Business Wire · May 29, 2024