New lending platform goes beyond FICO

Upstart is a new crowdfunding platform that gives out fixed-rate loans to people from all walks of life, the Wall Street Cheat Sheet reports.

What makes the platform innovative is their data management and analysis, which surpasses just a credit score and includes school grades. With a new capacity for next-day funding and attractive modeled returns with an aggressively data-driven approach to underwriting, some analysts see Upstart as good for starter borrowers and investors.

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