Upstart Sees Surge in Demand for Auto and Small Dollar Loans

Credit quality and underwriting were strong as a result of new AI-driven enhancements to risk modeling.Management noted that auto lending and small dollar loan products were especially popular and helped attract new business.Triple-digit gains across key business segments — as measured in loan originations and revenues — were not enough to stave off a 7% drop in Upstart Holding’s shares in after-market trading on Tuesday (Aug. 5). By completing this form, you agree to receive marketing communications from P ...