Upstart Aims to Raise $100mn

Online consumer lender Upstart has reportedly set out to raise $100mn in their latest fundraising round; the round would put the valuation north of $500mn and upwards of $1bn; the company did not confirm the American Banker report but did say they anticipate completing a finals round in the next year; the company reach profitability last year and the value of loan transactions increased threefold according to a spokeswoman. Source.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.