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We’re also pleased to announce that Grant Schneider, Upstart’s longest tenured data scientist and triple-degreed graduate of Ohio State University, will lead the Columbus office. Upstart is the first lending platform to leverage artificial intelligence and machine learning to price credit and automate the borrowing process.
We’re excited to announce that Upstart will open an R&D center in Columbus, Ohio in January 2019. This second home for Upstart will include teams dedicated to software engineering, data science, and operations and is expected to house more than 100 employees by year end.
The full range of available rates varies by state. The average 3-year loan offered across all lenders using the Upstart platform will have an APR of 24.34% and 36 monthly payments of $36.50 per $1,000 borrowed. For example, the total cost of a $10,000 loan would be $13,140 including a $638 origination fee.
Upstart’s mission is to enable effortless credit based on true risk. Upstart is one of the first lending platforms to leverage artificial intelligence and machine learning to price credit and automate the borrowing process. We’re expanding our teams rapidly and hiring technical and non-technical talent in our Columbus office!