How many banks use Upstart?
A massive runway for growth. There are more than 5,000 banks in the United States, holding trillions of dollars' worth of loans. Most of these banks are smaller, operating at the local and regional levels, Upstart's target customer. Upstart works with just 18 of those banks currently, leaving a long runway to expand.
Is Upstart a bank?
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.