$UPST Can someone help me make sense of why the expected cash flow dropped so sharply this quarter? I'm also seeing a much wider upside/downside range, even though the 2-Year Treasury Yield hasn't moved nearly as much. @paulxgu
Our mission at Upstart is to radically reduce the cost and complexity of credit. But what does that actually mean?
@paulxgu recently shared what the end goal looks like for us ⬇️
Upstart is applying for a full-service national bank charter. If approved, we'll be able to lend under a unified regulatory framework across all 50 states, significantly reducing the cost and complexity of reaching 100% of the US market.
This will not require us to raise additional capital, decrease our focus on AI, or alter our fundamental mission. What it will do is lower cost and expand access for the American borrower.
https://t.co/vXA9XAsfY3
"Think of it this way:
Upstart Network remains the car – the AI engine, the underwriting intelligence, and the product experience.
Upstart Bank becomes the road – the regulated infrastructure and the direct, simplified path for capital to move to the borrower.
Together they comprise Upstart – the most radically pro consumer finance company."
--- i think it's net positive