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Upstart Valuation Surges As Fintech Catches Eyes

Upstart Holdings, a recently made public software vendor, has seen its valuation jump from $2.1 billion to more than $12 billion as it has enjoyed wild stock-price rallies in recent days. So reports CNBC.

UpstartIn its most recent earnings report, the company said its Q4 growth was 39% year-over-year and it nearly tripled its operating income to $10.4 million. Upstart uses machine learning as a way to underwrite loans for consumers. This technology is also provided to its partners for “more targeted underwriting” as well.

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