Peer to Peer Lending on Upstart

For full disclosures, statistics, and access to download peer to peer lending data, sign up to become an investor.

Our growth

Since launching peer to peer (P2P) lending product in May of 2014, more than $1.5 billion in Upstart loans have been originated, and we’ve experienced double-digit month-over-month growth.

What’s behind that incredible growth? We go beyond FICO scores to finance people based on signals of their potential, including schools attended, area of study, academic performance, and work history. Our proprietary underwriting model identifies high-quality borrowers despite limited credit and employment experience - what we call “future prime” borrowers.

The Upstart difference

We start with the same information other P2P lenders use - the applicant's FICO score, credit report, and current income. But we also consider academic variables such as colleges attended, area of study, GPA, and standardized test scores to develop a statistical model of the applicant's financial capacity and personal propensity to repay.

Our underwriting model simulates more than 50,000 scenarios in a few seconds to assign each borrower an APR based on their modeled likelihood of default. We verify each applicant’s identity, credit history, academic credentials, and employment.

Browse loans

Repayments and Portfolio status

We model everything - repayments, delinquencies and prepayments of every loan, month by month. We continuously refine our model by comparing it to actual results. About 91% of Upstart loans are either current or paid in full.

A closer look at our borrowers

Average Fico © Score

Average Income

Refinancing Credit Cards*

College Graduates
* stated intent by borrowers, may not reflect actual use

Why Upstart

Automatic investing

It’s easy to invest on Upstart. You simply customize an investing plan for your funds, and our platform lets you invest automatically.

Invest with an IRA

We offer the option to invest via a P2P lending retirement account. Enjoy the tax advantages of a self-directed IRA that allows you to invest in loans on Upstart.

Join these investors to invest in people and earn solid returns

William bunker 2x

William Bunker

CEO, Clarity Health Services

“Investing on Upstart couldn’t be easier. I set up my account in minutes and let the platform do the rest.”

Jocelyn ding 2x

Jocelyn Ding

Vice President at Google

“Identifying quality borrowers with limited credit history is the holy grail of consumer finance. Leave it to a team from Google to find a data-driven solution to this age-old problem.”

Sign up to become an investor for full disclosures, statistics, and access to data. For institutional inquiries, contact us at