Upstart Holdings, Inc. (UPST) The Citizens JMP Technology Conference (Transcript)

Company Overview - Upstart Holdings, Inc. is a pioneer in digital lending, applying machine learning models to various aspects of the lending industry since 2014, well before the term AI became popular [3]. Business Model - The company utilizes machine learning for credit underwriting, fraud verification, servicing, and borrower acquisition, resulting in lower APRs for borrowers due to reduced default risk and increased automation, which minimizes process friction [3]. - Upstart operates on a relatively low capital intensity business model, charging fees to lenders and institutional investors who provide funds on the platform [3].