Upstart is the leading AI lending marketplace

We connect millions of consumers to 100+ banks and credit unions who leverage Upstart's artificial intelligence models and cloud applications to deliver superior credit products. Our platform includes personal loans, automotive retail, home equity lines of credit, and small dollar "relief" loans.

4M+¹
Customers
$57B+¹
Originations
100+¹
Banks
Upstart team

We're radically reducing the cost and complexity of borrowing
for all Americans

Why? Because credit really matters.

Money is a fundamental ingredient of life, and unless you're one of the few percent of Americans with significant wealth, the price and difficulty of borrowing affects you every day. Throughout history, affordable credit has been central to unlocking mobility and opportunity.

Traditional lending is broken

48% stat
50%
of Americans can access prime credit
80% stat
83%
of Americans have never defaulted on a credit product

For decades, traditional lenders used basic "scorecard" methods that combine credit scores and a handful of other variables to determine who is approved for a loan and at what interest rate. Unfortunately, these tools are limited in their ability to quantify risk.

How do we know? Four in five Americans have never defaulted on a loan, yet less than half have access to traditional prime credit. The implication is eye-opening. With a smarter credit model, lenders could approve almost twice as many borrowers, with fewer defaults.

*According to Upstart's retrospective study completed in May 2025, which analyzed approximately one million Transunion credit reports dated 11/30/2024

The age of artificial intelligence

AI is shaping up to be the largest technology transformation of our time. Bigger than the web. Bigger than the cloud. Bigger than mobile.

Software that learns and improves in the same way we learn—through interaction with the real world—has unlocked possibilities we could only have dreamed of a few short years ago.

Upstart pioneered the application of artificial intelligence to lending, enabling a system that is dramatically more efficient and more accurate for both borrowers and lenders. Rapid developments in AI foreshadow a world where the right borrower is automatically approved at the right price, instantly and effortlessly.

How does Upstart AI remake the lending process?

Step 1

It starts by vastly expanding the information used to inform a credit decision.

Our sophisticated personal loan underwriting model teases out the relationships among more than 2,500 variables2.

Step 2

The model is trained on 110 million monthly repayment events.

With an average of 124,8001 new repayments due each business day across all our lending partners, our models optimize in response to daily loan-level repayment and delinquency data.

Step 3

As a result, our proprietary and patented loan-month model can predict the likelihood of default or prepayment for each month of a loan term for every applicant.

Step 4

We apply AI to verification and fraud detection for an instant and effortless experience.

Upstart applies AI to every step of the lending process. By automating identity verification, fraud detection, and income and employment verification, Upstart makes credit origination instant and effortless—for borrowers and lenders.

Step 5 - UMI

Modeling the impact of the Macro

With the Upstart Macro Index (UMI), we are tackling one of the most challenging aspects of lending—navigating changes in the economy. UMI helps our lending partners better understand and account for the effect that macroeconomic conditions have on credit performance.

More accurate, efficient, and inclusive lending

With Upstart AI, lenders can approve more applicants at lower rates while simultaneously delivering the exceptional digital-first experience customers demand.

Improved accuracy allows our bank partners to approve more applicants. Lenders retain complete control over their credit policy, business objectives, and risk appetite.

41% Higher approvals

Improved accuracy also allows our bank partners to offer 33% lower APRs at the same approval rates. Lenders retain complete control over their credit policy, business objectives, and risk appetite.

33% Lower APR

Upstart enables banks to respond instantly to a customer's loan request 24/7. More than 91%4 of loans are fully automated, with no human involvement by Upstart.

91% Fully automated

A commitment to regulatory compliance

Upstart ensures that every lender retains control over their credit policy, business objectives, and risk appetite. Each lender originates under their own charter, whether state or federal. And Upstart-powered loans from all partners are within the 36% maximum APR required under the Military Lending Act. Some of the important regulatory issues a responsible AI lending platform faces include:

Fair lending

Fair lending

An AI system, like any lending technology or process, must avoid unlawful disparate impact or statistical bias that would be harmful to disadvantaged groups...

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Data security

Data security and privacy

Consumers today expect fast service and zero downtime. Faster and more efficient credit origination is a win both for borrowers and lenders...

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Safety and soundness

Safety and soundness

Models used in lending must perform reliably and react quickly to changes in risk. Through effective model development and risk management...

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Active participant

An active participant in the industry

Upstart regularly engages with advocacy groups, policymakers, and regulators to advance the responsible use of AI in lending and improve access to credit...

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Join our mission

Upstart for Lenders

Grow your loan portfolio, approve more borrowers, and provide a digital-first experience.

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Upstart for Auto Dealers

Transform your dealership with an AI-powered financing solution built to win more buyers and drive higher profits.

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Careers at Upstart

Build the future of credit with us. See open roles here.

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Investor relations

Find the latest news, events, and performance information.

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  1. As of 3/31/2026.
  2. As of 3/31/2026. "Variables," often also referred to as "features," refers to raw variables and combined variables considered in our AI models. A "raw" variable is a non-combined, conceptually distinct unit of data, such as "applicant-reported savings." A "combined" variable is data that has been transformed, combined, or otherwise engineered from a raw variable or set of raw variables, such as "applicant-reported savings" divided by "loan amount."
  3. As of publication in April 2026, and based on a comparison between the Upstart model and a hypothetical traditional model using Upstart data from Jan – Dec 2025. For more information on the methodology behind this study, please see Upstart's Annual Access to Credit results here.
  4. In Q1 2026. Percentage of Loans Fully Automated, which is defined as the total number of loans in a given period originated end-to-end (from initial rate request to final funding for personal loans and small dollar loans, and from initial rate request to signing of the loan agreement for auto loans) with no human involvement required by the Company divided by the Transaction Volume, Number of Loans in the same period.