Upstart Shows Record Loan Origination Growth, Stock Soars
Upstart reported strong second-quarter results as revenue, loan originations, AI underwriting improvements, and funding capacity expanded significantly.
Upstart made more loans than ever before and its AI tool for checking if people can pay back loans got better, which made investors excited about the company. When a business grows this fast and improves its main product, it's worth watching to see if they can keep it going.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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