Upstart's Push Into Auto and Home Loans: Will Diversification Pay Off?

Key Takeaways Upstart is broadening its business as auto, home and small-dollar loans reach 12% of originations.UPST saw auto, home and small-dollar volumes rise about 300% year over year in the third quarter.Upstart added seven funding partners and saw strong demand for its oversubscribed securitization.Upstart Holdings (UPST) is leaning more into diversification as it works to broaden its business beyond personal loans. Management highlighted that newer verticals, like auto, home and small-dollar loans, a ...