Upstart reports 348% growth in Q3 loan originations

Artificial intelligence (AI)-based lending platform Upstart reported triple-digit growth and profits during Tuesday’s third-quarter earnings call, with auto loans growing from “a handful” to more than 4,000 in 47 different states. The company reported revenue of $228.5 million, up from $65.4 million one year ago. Despite its earnings, however, trading of Upstart’s stock fell 18.2% […]