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3 Reasons Upstart's Rapid Growth In Q1 2021 Is for Real

·4 min read
3 Reasons Upstart's Rapid Growth In Q1 2021 Is for Real
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Upstart (NASDAQ: UPST) has been a stock market hit since its IPO in December. Upstart itself is a lender, but 96% of its revenue came from the fees that banks and other lending institutions pay to use its AI-based platform. Upstart's AI uses hundreds of data points to construct a more accurate picture of a borrower's true credit risk rather than relying on traditional credit metrics like FICO scores.