2022 is proving to be quite a bit more challenging than any of us expected. In these moments, we believe getting together is important—to connect in-person, recognize the great work we have done together, and appreciate time spent with one another. After a two-year hiatus of in-person summer festivities, Upstart was excited to host the 2022 Summer Celebrations for Upstarters and their families! In Columbus, Ohio, Upstarters had a picnic-style buffet, spent time exploring the Columbus Zoo and Aquarium, and captured the day with photobooth pictures and caricatures! In San Mateo, California, Upst ..read more

Join us in this series where we are shining a light on one of our Upstarters. Come take a closer look at the people inside the company who are tirelessly working to provide access to affordable credit. Meet Kavita Thakkar Patel (she/her), VP of Talent Acquisition at Upstart! Kavita and her team support recruiting operations by optimizing processes, maximizing the ability to hire quickly, reducing operational costs, and ensuring resources are effectively used. The team also focuses on the full candidate experience, from attraction to engagement in hiring processes. Tell us what you did before j ..read more

Join us in this series where we are shining a light on one of our Upstarters. Come take a closer look at the people inside the company who are tirelessly working to provide access to affordable credit. Meet Avi Solkoff (he/him), Technical Sourcer at Upstart!  Avi is a remote Upstarter working from Chicago, Illinois. As a Technical Sourcer, Avi finds the best people to fill a position for Upstart’s open roles. He conducts research and helps potential candidates through the initial stages of the interview process with his recruiting team. Why did you join Upstart? Avi: I joined Upstart as I ..read more

August 08, 2022 Editor’s note: Upstart Co-Founder and CEO Dave Girouard shared thoughts on second quarter 2022 during the company’s quarterly earnings call. To read more about Upstart’s Q2’22 earnings, visit here.  Good afternoon, everyone. Thank you for joining us on our earnings call, covering our second quarter 2022 results. I’m Dave Girouard, co-founder and CEO of Upstart.  Today we reported a decline in revenues, which is obviously disappointing and unacceptable to us. I want to explain where this decline came from and what we’re doing to address it. It may be natural for you to ..read more

By Dave Girouard, CEO & co-founder, Upstart August 8, 2022 Today we released our earnings results for Q2 2022. While we reported 18% growth in revenue year-on-year, we also guided toward a 25% reduction in revenue from the second quarter to the third, reflecting funding constraints in our marketplace. A decline in revenue is obviously disappointing, and it’s natural to ask whether our AI-based credit model continues to work as designed. We’re confident it does, so we want to explain what’s happening and how we’re addressing it.  Credit performance When lenders underwrite loans, their ..read more

Disclaimer: The following content is general in nature and is provided for informational purposes only. Upstart is not a financial advisor and does not offer financial planning services. This content may contain references to products and services offered through Upstart’s credit marketplace. Key takeaways:  A home equity loan, also known as a second mortgage, is a type of borrower debt. With a home equity loan, homeowners can borrow against the equity in their home. Funds from a home equity loan can be used to pay for a variety of expenses, including home improvement, education, and eme ..read more

Disclaimer: The following content is general in nature and is provided for informational purposes only. Upstart is not a financial advisor and does not offer financial planning services. This content may contain references to products and services offered through Upstart’s credit marketplace. Key takeaways:  The average cost of a destination wedding is $32,000. Destination wedding costs vary widely based on location, the number of guests, food, and decor. Wedding loans, personal lines of credit (PLOCs), and credit cards can help cover the cost of a destination wedding. Whether you’ve dr ..read more

Disclaimer: The following content is general in nature and is provided for informational purposes only. Upstart is not a financial advisor and does not offer financial planning services. This content may contain references to products and services offered through Upstart’s credit marketplace. Key takeaways:  The national average cost for an engagement ring is $6,000. Shopping online, sourcing lab-grown diamonds, and opting for undersized diamonds can help you save money on a stunning ring.  Wedding loans, retailer financing, or credit cards may make it easier to cover the cost of an ..read more

Disclaimer: The following content is general in nature and is provided for informational purposes only. Upstart is not a financial advisor and does not offer financial planning services. This content may contain references to products and services offered through Upstart’s credit marketplace. Key takeaways:  Slight variances in your credit score are common and generally nothing to worry about. If your score drops more than 10 or 15 points, it’s important to determine the cause. Common financial activities, like opening a credit account, paying off a loan, or placing a large purchase on y ..read more

Disclaimer: The following content is general in nature and is provided for informational purposes only. Upstart is not a financial advisor and does not offer financial planning services. This content may contain references to products and services offered through Upstart’s credit marketplace. Key takeaways:  Inflation can have positive and negative effects on the economy, businesses, and consumers. Moderate levels of inflation may result in higher employment rates, increased wages, and financial wins for borrowers and savers. Too much or too little inflation can have the opposite effect ..read more