Company Name: Upstart
Industry Sector: Technology
Company Profile: Founded in 2012, Upstart is a leading artificial intelligence (AI) lending platform designed to improve access to affordable credit while reducing the risk and costs of lending for its bank partners. By leveraging Upstart’s AI platform, Upstart-powered banks can offer higher approval rates and experience lower loss rates, while simultaneously delivering an exceptional digital-first lending experience for their customers. The company is based in San Mateo, California, and Columbus, Ohio.
Company Website: www.upstart.com
- Type of Project: Expansion
- Jobs committed: 250
- Jobs retained: 257
- Types of jobs: Software engineers, data scientists, operations associates, and other tech-related positions.
Upstart has experienced rapid growth driven by industry-leading credit performance, an improving marketing funnel, and growing interest from bank partners in existing and new offerings.
The company seeks to expand in order to meet increased demand.
“We chose Columbus as our second headquarters just two years ago, and already we’ve hired more than 250 Buckstarters. Our ability to find incredible talent across software engineering, data science, and operations has made our move to central Ohio a runaway success for Upstart. This further expansion confirms that Upstart will be a cornerstone of the Columbus technology community for years to come.” – Upstart Co-Founder and CEO Dave Girouard
Upstart is expanding its existing facility in Columbus by 40,000 square feet, more than tripling its total footprint in Central Ohio.
Tech is one of Ohio’s fastest growing industries with expertise in sectors including artificial intelligence, cybersecurity, and the Internet of Things. Ohio has a thriving technology environment made up of startups, Fortune 500 and 1000 companies, and everything in between. Ohio is also a one-day drive from 60% of the U.S. and Canada populations, including major cities such as New York, Chicago, and Toronto.
In early 2019, Upstart expanded its national footprint by investing in Ohio, becoming the company’s first operations outside of California.
One Columbus, JobsOhio, city of Columbus, and the Ohio Development Services Agency