Evergreen Awards proudly honors Upstart Holdings Inc., an AI-driven lending platform, with the 2021 Evergreen Award for Promoting Financial Inclusion Through Innovative Credit Models. This recognition celebrates Upstart’s groundbreaking efforts to democratize access to credit by leveraging artificial intelligence, redefining how creditworthiness is assessed, and empowering individuals and communities across the financial spectrum.

In a world where traditional credit evaluation methods often exclude underserved populations, Upstart has emerged as a transformative force, bridging gaps and unlocking opportunities for borrowers.

Outstanding Product Evaluation

Upstart’s AI-powered platform goes beyond traditional credit scoring methods by analyzing over 1,600 variables, including education, employment history, and earning potential. This innovative approach enables lenders to assess creditworthiness with greater accuracy, ensuring more borrowers receive fair and personalized access to loans.

With streamlined online applications and rapid approval processes, Upstart delivers a seamless user experience while offering competitive rates and transparency.

Demonstrated Expertise and Knowledge

Founded in 2012, Upstart Holdings has become a pioneer in financial technology, demonstrating a deep understanding of consumer needs and lender requirements. By 2021, the company had facilitated over $11 billion in loans, reflecting its growing influence in the lending market.

Upstart’s expertise in artificial intelligence and machine learning has enabled it to consistently reduce default rates while expanding access to credit, benefiting both borrowers and lending institutions.

Authenticity and Trust

Upstart’s commitment to fairness and transparency has earned it the trust of consumers and financial institutions alike. The platform ensures that borrowers are evaluated based on their full potential, eliminating biases inherent in traditional credit models.

By fostering partnerships with banks and credit unions, Upstart provides institutions with a powerful tool to serve a broader customer base, reinforcing its reputation as a trusted innovator in financial services.

Quantitative Performance Excellence

In 2021, Upstart achieved remarkable milestones that highlighted its impact on financial inclusion. The platform’s AI models enabled 27% more approvals compared to traditional lending methods, with 16% lower interest rates for borrowers.

These impressive outcomes underscore Upstart’s success in making credit more accessible and affordable for underserved populations while maintaining rigorous risk management for lenders.

Competitive Differentiation

What sets Upstart apart is its ability to harness AI to deliver precision and inclusivity simultaneously. Unlike traditional models that rely heavily on credit scores, Upstart’s platform evaluates non-conventional factors to assess creditworthiness, opening doors for first-time borrowers, young professionals, and others overlooked by standard systems.

Upstart’s dedication to innovation, including continuous improvements to its AI models, positions it as a leader in transforming the lending landscape.

Additional Criteria for Distinction

Upstart’s focus on financial inclusion, technological innovation, and customer-centric solutions reflects its leadership in fintech. By expanding opportunities for borrowers and reducing inefficiencies for lenders, Upstart is driving meaningful change in the financial ecosystem.

Celebrating Leadership in Financial Innovation

The 2021 Evergreen Award for Promoting Financial Inclusion Through Innovative Credit Models recognizes Upstart Holdings Inc. for its exceptional contributions to reshaping credit access. Through its groundbreaking use of AI, Upstart is empowering borrowers and setting a new standard for fairness and inclusivity in lending.

Evergreen Awards congratulates Upstart on its achievements and its commitment to advancing financial inclusion. To learn more about Upstart and its innovative platform, visit www.upstart.com.

Upstart’s vision and dedication to empowering individuals through innovation exemplify the transformative potential of technology in creating a more equitable financial future.