Artificial intelligence (AI) lending platform Upstart has reached a record percentage of automated unsecured loans. “Last quarter, we reached an all-time high of 88% of unsecured loans fully automated,” Upstart CEO Dave Girouard said Tuesday (Aug. 8) during the company’s quarterly earnings call. “That means instant and...
Traditional consumer credit scoring, which overlooks a large proportion of the population, may have been the norm for years, but Gerald Chappell, CEO and co-founder at U.K.-based open banking startup Abound, says that needs to change. “Traditional credit scoring is really good at separating your...
Collaborating to improve working capital access for its network of small suppliers, Walmart is teaming with Citi, bringing the Bridge built by Citi lending platform to Walmart’s roughly 10,000 U.S. suppliers that fall into the small to midsize business (SMB) range, offering loans of up...
Flipside Crypto announced that it has raised $7.1 million in a Series Seed Prime financing. The round was led by Galaxy Digital Ventures with participation from Collaborative Fund, CMT Digital and Avon Ventures, as well as previous investors True Ventures, Founder Collective, Digital Currency Group,...
March 22, 2023
Traditional consumer credit scoring, which overlooks a large proportion of the population, may have been the norm for years, but Gerald Chappell, CEO and co-founder at U.K.-based open banking startup Abound, says that needs to change. “Traditional credit scoring is really good at separating your prime customers from your near-prime customers but works very poorly […]
August 09, 2023
Artificial intelligence (AI) lending platform Upstart saw its stock plummet 34% Wednesday (Aug. 9). This follows the company’s delivery of an outlook for the third quarter that was lower than expected, Bloomberg reported Wednesday. The decline comes after a monthslong rally for the stock that reached 445% at one point, according to the report. The previous surge […]
August 08, 2023
Artificial intelligence (AI) lending platform Upstart has reached a record percentage of automated unsecured loans. “Last quarter, we reached an all-time high of 88% of unsecured loans fully automated,” Upstart CEO Dave...
February 28, 2023
Collaborating to improve working capital access for its network of small suppliers, Walmart is teaming with Citi, bringing the Bridge built by Citi lending platform to Walmart’s roughly 10,000 U.S....
September 25, 2019
Flipside Crypto announced that it has raised $7.1 million in a Series Seed Prime financing. The round was led by Galaxy Digital Ventures with participation from Collaborative Fund, CMT Digital...
