Banking

Upstart reports 348% development in Q3 loan originations

Artificial intelligence (AI)-based financing platform Upstart reported triple-digit development and earnings throughout Tuesday’s third-quarter profits call, with car loans growing from “a handful” to more than 4,000 in 47 various states. The business reported earnings of $228.5 million, up from $65.4 million one year earlier. Despite its profits, nevertheless, trading of Upstart’s stock fell 18.2% […]



Gabriel

A news media journalist always on the go, I've been published in major publications including VICE, The Atlantic, and TIME.

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