Upstart, an AI lending platform, reports a 56% revenue jump and forecasts $1 billion in 2025 revenue.

Upstart, an AI-driven lending platform, reported strong fourth-quarter results, showing a 56% jump in revenue to $219 million and a 68% increase in loans processed. The company added 28 new banking partners in 2024, totaling over 100 partners. Upstart forecasts $1 billion in full-year 2025 revenue and aims for GAAP break-even profitability, with its stock rising 20.4% in after-hours trading.

1 month ago
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