More of the revenue will likely happen over the term of the loan, as supposed to upfront. We're taking the autolone on your balance sheet as an r and d manoeuvre so that now lenders can come into the platform and feel confident that the data you're presenting is valid. So we have a small business loan product coming out later this year. Its on the near term horizon.
Upstart Holdings is a lending platform, powered by artificial intelligence. Shares are down more than 70% year-to-date. It’s down, but not out. CEO Dave Girouard joined Motley Fool CEO Tom Gardner to discuss: - How Upstart is using its balance sheet now - Growth opportunities in auto lending - One stock idea (that’s not his own company)
Stocks mentioned: UPST, AMZN, AAPL, ZM, GOOG, GOOGL
Host: Tom Gardner Guest: Dave Girouard Producer: Ricky Mulvey Engineer: Dan Boyd, Adam Landfair
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