Like an Apple AirTag™, Upstart’s AI credit decisioning uses thousands of data points to minimize risk and manage loss rates (for your loan portfolio, not your car keys).
Upstart provides banks and credit unions with the tools to lend through any macroeconomic cycle. Set your credit parameters, then select your program's target geographies and returns. And just like that, the loans (and new customers) flow into your core system and the Upstart Performance Console, where you can keep track of your AI-powered loan performance.
It’s hard to imagine a better case for AI than lending.
Say goodbye to traditional scorecards centered around a handful of metrics. With over 10 years of repayment history across $36B of originations, our patented loan-month model predicts the risk of both default and prepayment for each month of each loan. Experience more precision in credit performance than ever before — with net annualized returns 11-27% higher than industry average.1
“Prime,” traditionally approved
“Non-prime,” traditionally declined
Upstart’s AI-powered lending
accurately identifies creditworthy borrowers typically overlooked (or incorrectly approved) by traditional credit models
1. For borrowers with a 660 FICO score and above. In an internal study, Upstart compared data on marketplace loans facilitated through the Upstart platform to data on loans originated by other consumer lenders in DV01’s Consumer Unsecured Benchmark group. The study considered loans originated during the period from October 2022 - August 2023.
Your program. In your hands.
Choose your target geographies and borrower characteristics, set your target returns, and watch as loans begin to flow. Make adjustments to your program at any time. Whether you're looking to expand to a new state or simply gain a high-yield, low-duration asset class —Upstart’s Referral Network gives you a reliable way to reach your goals while staying fully in control of your program.
More than a loan: meet your new customers.
Rejuvenate your customer base by attracting creditworthy, digitally-savvy borrowers in their peak borrowing years. Plus, when you originate the loan via our Referral Network, bring your brand front and center to offer incentives for real-time account opening and other products. Our lending partners see Upstart-sourced customers convert to a second product up to twice as often as traditional indirect channels.
724
Average credit score
$122,384
Average annual income
73%
of borrowers have some form of post-secondary education
Transparency is built in.
With the Upstart Performance Console, you can keep tabs on your portfolio: anytime, anywhere. Your team has full visibility into performance, making sure your program is meeting expectations on a loan-by-loan or month-by-month basis. Plus, you’re in the capable hands of our account management team, many of whom have served as bank or credit union executives themselves.
Plan for macro risk on a micro level.
The Upstart Macro Index (UMI) offers bank and credit union executives insight into how macroeconomic factors affect loan default rates within Upstart-powered portfolios over time. We separate borrower-specific risk from the macroeconomic risk, enabling more informed decision-making. This enables you to adapt to current conditions in near real-time, enhancing the predictability and stability of loan performance.
Don’t just take our word for it.
Upstart is trusted by over 100 banks and credit unions across the country.
Get your Apple AirTag™ now!
If you're a bank or credit union leader, we'd love to ship over an AirTag™ and keychain — our treat.
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