Talk:Upstart Holdings

Untitled

Hi, the following changes are needed to be fixed and updated. I am an employee of Upstart and would like to disclose the conflict of interest again. Thank you.

Information to be fixed:

• Remove: Upstart Hildings, Inc.
• Replace with: Upstart Holdings, Inc.
• Explanation of issue: Misspelled "Holdings"

Information needed to be updated:

• Update body text, second sentence in fourth paragraph to: This means that in addition to traditional underwriting criteria—FICO score, credit report, and income—the Upstart underwriting considers education variables and work history to develop a statistical model of the borrower's financial capacity and personal propensity to repay.
• Explanation of issue: Remove "—colleges attended, area of study, GPA, and standardized test scores—"

A new section still need to be added to this article in regards to recent news about Initial Public Offering (IPO).

Information to be added:

• Add: In November 2020, Upstart publicly filed for an IPO with the SEC. The offering took place in December 2020, under the NASDAQ ticker UPST. The stock ended the first trading day up 47%, valuing the company at $2.2bn.
• Explanation of issue: New section to reflect Upstart's change from private to public
• References supporting change: https://sec.report/Document/0001193125-20-285895/, https://www.nasdaq.com/market-activity/stocks/upst, https://www.forbes.com/sites/jeffkauflin/2020/12/16/shares-of-fintech-lender-upstart-jump-47-on-first-day-of-trading/?sh=7e59b1ddaa27

12.127.60.182 (talk) 16:26, 21 April 2021 (UTC)

12.127.60.182 (talk) 20:34, 21 April 2021 (UTC)

Hi there, I'd like to propose the following changes to help provide up-to-date and accurate information in this article. I am an employee of Upstart and would like to disclose the conflict of interest. Thank you.

Right hand box

Information to be added or removed:

• Remove: Upstart Network Inc.
• Replace with: Upstart Holdings, Inc.
• Explanation of issue: Incorrect information, Upstart Network Inc. is not the right name shown, according to our financial paperwork, it is Upstart Holdings, Inc.
• References supporting change: https://sec.report/Document/0001193125-20-285895/  Done

Information to be added or removed:

• Remove: Type of Site
• Replace with: Industry
• Explanation of issue: Incorrect information, Upstart is part of the financial technology industry and it is an online lending platform partnering with banks
• References supporting change: https://sec.report/Document/0001193125-20-285895/  Done

Information to be added or removed:

• Remove: 400 in Employees
• Replace with: 429 in Employees
• Explanation of issue: Incorrect information, Upstart has been growing as a company and the number of employees needs to be reflected in the SEC report
• References supporting change: https://sec.report/Document/0001193125-20-285895/  Done

Body text

Information to be added or removed:

• Remove first sentence in first paragraph: Upstart is an online lending marketplace that provides personal loans using non-traditional variables, such as education and employment, to predict creditworthiness.
• Replace with: Upstart is a leading artificial intelligence lending platform partnering with banks to expand access to affordable credit.
• Explanation of issue: Incorrect information, please update the main description to reflect how Upstart is described in press releases and social media, Upstart is not only a lending platform but also partners with banks
• References supporting change: https://www.prnewswire.com/news-releases/upstarts-ai-lending-platform-expands-to-auto-loans-301082778.html, https://twitter.com/upstart, https://instagram.com/upstart  Done but with changes to remove promotional language (i.e. “leading”)

Information to be added or removed:

• Remove second sentence in fourth paragraph: This means that in addition to traditional underwriting criteria—FICO score, credit report, and income—the Upstart underwriting considers academic variables, colleges attended, area of study, GPA, and standardized test scores—and work history to develop a statistical model of the borrower's financial capacity and personal propensity to repay.
• Replace with: This means that in addition to traditional underwriting criteria—FICO score, credit report, and income—the Upstart underwriting considers education variables and work history to develop a statistical model of the borrower's financial capacity and personal propensity to repay.
• Explanation of issue: Require the change from academic to education
• References supporting change: https://sec.report/Document/0001193125-20-285895/  Done

Information to be added or removed:

• Remove: Jessica Jackley and Bob Kerrey serve as advisors to the company.
• Explanation of issue: Incorrect information, they are no longer advisors to the company
• References supporting change: https://www.upstart.com/about#leadership-2  Done

12.127.60.182 (talk) 01:52, 13 February 2021 (UTC)

Initial public offering (IPO)

Hi there, I am requesting a new section to be added to this article in regards to recent news.

Information to be removed or added:

• Add: In November 2020, Upstart publicly filed for an IPO with the SEC. The offering took place in December 2020, under the NASDAQ ticker UPST. The stock ended the first trading day up 47%, valuing the company at $2.2bn.
• Explanation of issue: New section to reflect Upstart's change from private to public
• References supporting change: https://sec.report/Document/0001193125-20-285895/, https://www.nasdaq.com/market-activity/stocks/upst, https://www.forbes.com/sites/jeffkauflin/2020/12/16/shares-of-fintech-lender-upstart-jump-47-on-first-day-of-trading/?sh=7e59b1ddaa27

12.127.60.182 (talk) 01:56, 13 February 2021 (UTC)

 Done Ferkijel (talk) 14:00, 3 April 2021 (UTC)