Home » Business » Alt lender Upstart is filing for an IPO after seeing successful growth
Alt lender Upstart is filing for an IPO after seeing successful growth
AI-powered consumer lending platform Upstart is going public following successful growth.
But it should secure additional bank partnerships to diversify its revenue streams and promote investor confidence.
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The US-based alt lender has filed for an IPO, per Businesswire. It first aimed to go public in March but delayed due to the market volatility and expected increase in consumer credit default rates caused by the pandemic. Launched in 2012, Upstart's platform has been used by consumers to access over 620,000 personal loans from its 10 bank partners.