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Upstart auto originations surge 357%

Fintech originated $128M in auto loans in Q3

AI-powered lending platform Upstart’s auto originations soared 357.1% year over year in the third quarter despite tightened lending standards. Upstart originated $128 million of auto loans in Q3, up 9.4% quarter over quarter, according to the company’s earnings presentation published Nov. 4. The San Mateo, Calif.-based company issued 6,705 auto loans in Q3, up 420.1% […]

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