Upstart
Upstart is a peer-to-peer online lending platform that utilizes artificial intelligence and machine learning to enhance the lending process. Founded in 2012 and based in San Mateo, California, the company focuses on providing fixed-rate personal loans by employing a proprietary underwriting model that evaluates factors such as education, area of study, and employment history, allowing it to identify borrowers with limited credit backgrounds. Upstart connects consumer loan demand with its network of AI-enabled bank partners, facilitating a streamlined borrowing experience. The platform supports a variety of loan offerings, including personal loans, automotive financing, home equity lines of credit, and small-dollar loans, enabling banks to achieve higher approval rates and reduced loss rates while enhancing customer satisfaction through a digital-first approach.
Top Stages
3 past transactions
Teller Finance
Venture Round in 2022
Teller is a United States-based blockchain project focused on decentralized lending. It provides a platform that connects to users' bank accounts to offer risk-assessed, unsecured loans, eliminating the need for collateral. By utilizing an algorithmic credit risk protocol, Teller aims to create decentralized lending markets that enhance lending opportunities while minimizing risks. The company's cloud-based system effectively delivers creditworthiness data, enabling users to engage in loans with digital currency. Through this innovative approach, Teller seeks to transform the lending landscape by making access to loans more efficient and secure.
Tala
Series E in 2021
Tala is a global financial technology company focused on delivering accessible financial services to underserved populations in emerging markets, including Kenya, the Philippines, Mexico, and India. The company operates a mobile application that provides users with instant access to a range of financial services, such as credit, payments, savings, and transfers, effectively integrating digital and cash economies. Tala employs advanced data science and machine learning techniques to evaluate creditworthiness in real-time, allowing individuals without formal credit histories to receive personalized credit lines. This innovative approach helps bridge the financial inclusion gap for those in need of essential financial resources.
Prodigy
Acquisition in 2021
Prodigy Software Inc. operates an online checkout platform designed to enhance the car buying experience by integrating seamlessly with dealership infrastructure and financial institutions. Founded in 2015 and headquartered in San Francisco, California, Prodigy provides auto dealers with a modern, streamlined digital sales solution that improves efficiency and customer satisfaction. The platform allows customers to complete parts of the purchasing process online or in-store, ensuring real-time synchronization of information to eliminate redundant data entry. By connecting car buyers with dealers, as well as lenders and credit bureaus, Prodigy aims to facilitate increased car sales and operational efficiency for dealers.
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