Upstart
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CommonBond now offers direct student loans alongside debt refinancing
CommonBond, one of the biggest of the second generation of startups tackling online lending, has launched a direct student loan product as it expands its footprint in the debt business. The company is known for its strict qualification requirements for refinancing packages and with an initial focus on the high end of student lending (servicing only 20 — mostly ivy league —… Read More
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Millennial lender Upstart just raised $32.5 million to license its tech to other companies
Upstart, a nearly five-year-old online lending company that prides itself on quickly identifying people who are less likely to default on money leant them, has raised $32.5 million in fresh funding that brings its total funding to date to around $85 million. Partly, the company plans to use the capital to further fuel its current growth trajectory. In fact, according to CEO… Read More
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Crunch Network
How startups are trying to fix consumer debt
Consumer debt remains one of the biggest challenges with the American economy. The average household has $130,922 in debt, and debt interest payments represent 9 percent of the average household income. The silver lining is that with tough problems comes the opportunity for tech companies and investors to build solutions to address them. Here are some of the startups helping us get out of debt. Read More
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Startup Financial Services Companies Come Of Age
With one eye on businesses abandoned in the wake of the financial crisis and the other on a new generation of investors, startup companies are now raising significant sums to challenge the hegemony of big banks and investment firms. Read More
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Upstart, A Site For Crowdfunding People, Raises $5.9M From First Round, Eric Schmidt, And Others
A year ago, Dave Girouard left his position as the president of Google Enterprise to start a new company, Upstart, that allows users (mostly recent college graduates) to raise money for the pursuit of entrepreneurial goals — they pay their lenders back with a percentage of their income. And today, lining up with the anniversary of his departure, Girouard is announcing that he has raised… Read More
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Former Google Executive Dave Girouard Launches Crowdfunding Service Upstart, Raises $1.75M
Dave Girouard, the former president of Google Enterprise, has struck out on his own with a new startup called Upstart, which offers crowdfunding and mentorship tools to help college graduates pursue, in his words, “a more entrepreneurial path.” Girouard argues that there’s currently a “misallocation of capital in our economy” — the fact that large… Read More
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