Upstart Holdings utilizes a cloud service that enables real-time consumer credit underwriting for banks and credit unions through machine learning. The company automated 92% of its loans in the first quarter. With $5.9 billion in loan originations last year, Upstart has captured only a small segment of the unsecured personal loan and broader credit market. Despite high valuations in popular AI stocks, there are still hidden prospects in the market that could yield up to 5x returns for investors.
Upstart Holdings sells a cloud service that banks and credit unions use to underwrite consumer credit in real-time, employing a machine learning model. In Q1, 92% of loans were automated.
Despite the crowded AI stock market with high valuations, there remain hidden gems with significant growth potential, including companies with the capacity for 5x returns in the coming years.
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