Detailed discussion on UPST

The fool published s nice discussion on upstart and consumer finance. Very Germaine to our thesis.…



Most valuable excerpt blurb, IMO:
The idea with Upstart is if they can take the people with the sub-650 credit scores and narrow it down to the subset that isn’t going to default, then their customers – the banks they partner with – can make three, four times as many loans without increasing their loss rate. And meanwhile, pass that savings onto the customer by not charging them insane interest rates. It’s a win-win for the banks, it’s a win-win for Upstart, and the customers.