UPST - Customer Bank

Just saw this press release from Upstart & Customers Bank & thought the board would be interested.

“Upstart’s model was able to deliver better returns, lower default rates, and reduced risk of fraud,” said Sam Sidhu, Vice Chairman and Chief Operating Officer, Customers Bank. “We’ve grown the program from a small pilot to a full-scale lending program that’s continued to meet and exceed our expectations.”…

Frank - long UPST, see profile for all holdings