Upstart Holdings
28.08.21 10:59
#1
Falco447
Upstart Holdings
bis jetzt noch keiner einen Thread aufgemacht hat will ich es hiermit tun, da vielleicht diese Perle viele Anleger noch nicht kennen und eine der Aktien in diesem Jahrzehnt werden kann.
Was macht Upstart Holdings?
Upstart Holings ist ein AI basierte Lending Plattform. Aktuell macht man fast ausschließlich Privatkredite hat aber bereits ein Tochterunternehmen gekauft was auch Autokredite anbietet. Sehr wahrscheinlich werden es auch in der Zukunft noch Hypothekendarlehen etc. Wichtig zu erwähnen ist auch, das Upstart keine eigenen Risiken übernimmt, da man nur als Vermittler auftritt. Dies kann über zwei Wege geschehen. Entweder man beantragt einen Kredit direkt über Upstart oder die Upstart Plattform ist bei der entsprechenden Bank white-label mäßig in denen ihrem Kreditanfragetool integriert.
Was ist der große Unterschied?
In den USA werden bisher Kredite vor allem über den FICO Score vergeben. Kann man vielleicht ähnlich mit unserem Schufa Score vergleichen. Upstart hat es mit seiner Technologie geschafft diesen FICO Score komplett obsolet zu machen. Upstart ist mit ihrer Technologie sprichwörtlich auf Gold gestoßen. Durch die Technologie vergibt Upstart Kredite an mehr Menschen, die über FICO keinen bekommen hätten und gleichzeitig wird sogar das Ausfallrisiko gesenkt. Also wirklich WIN-WIN. Die Technologie ist so gut, dass die erste Bank sogar komplett auf den FICO Score verzichtet. Sprich kein Mitarbeiter der Bank wird den vermittelten Kredit nochmals prüfen.
Was ist der Burggraben?
Ihre einzigartige Technologie. In dieser fließen über tausende Merkmale ein. Der Vorteil ist da mit stetiger Kreditvergabe der Code immer mehr verfeinert werden kann, da mehr Daten zur Verfügung stehen. Sprich mit der Zeit kann man noch mehr Menschen Kredite geben mit gleichzeitig niedrigeren Ausfallrisiko. Bis jetzt sehe ich auch keinen Konkurrenten der kurzfristig oder mittelfristig einen ähnlich guten Code in petto hat.
Wie schaut die Zukunft aus?
Rosiger wie rosig. Ich persönlich sehe erstmal keine ernsthafte Konkurrenz und bis jetzt ist man vor allem nur in den USA aktiv. Wenn diese Plattform erstmal international und über weitere Kreditarten ausgerollt wird ist der insgesamt adressierbare Markt im Billarden Bereich. Zudem ist man ein Fintech was nicht in Konkurrenz mit den Banken steht, da man eben die Kredite nicht ins eigene Buch nimmt. Gerade für das Wachstum und die Akzeptanz ist dies ein immenser Vorteil, da die Banken gerade mit Upstart zusammenarbeiten wollen, da man ja selber dadurch profitiert. Zudem hat Upstart bei den Kreditnehmern einen erstklassigen Ruf. Nicht nur das Menschen einen Kredit bekommen, welche wegen ihres FICO Scores abgelehnt wurden welcher nicht mehr zeitgemäß ist auch das faire Ausfallrisiko wird besser bewertet, wodurch der Zinssatz niedriger ist. Außerdem ist Upstart eines der wenigen Lending Unternehmen was den Kreditprozess auch komplett auf Spanisch aufgesetzt hat,
was in den USA nicht zu verachten ist und als faire Geste für viele spanischsprechende Menschen erachtet wird, wo Englisch nur die Zweitsprache ist. Gerade bei einem Kreditvertrag sollte man alles zu 100% verstehen können.
Mein Fazit:
Wie bereits oben erwähnt kann es aus meiner Sicht wirklich eine der Aktien in diesem Jahrzehnt werden als bester Performer. Man wächst von Quartal zu Quartal im dreistelligen % Bereich, letztes Quartal im Vergleich zum Vorjahr sogar 1000%. Zudem ist man schon zu diesem Zeitpunkt profitabel. In die Aktie würde ich aber nur sukzessiv einsteigen, da diese doch noch sehr schwankungsstark ist. In der Vergangenheit ist diese bei Q-Zahlen oder News auch mal um 100% gestiegen und wurde dann wieder stark abverkauft. Außerdem ist die Aktie nur an der Nasdaq handelbar. Ich kann hier nur DEGIRO empfehlen, da selbst bei anderen Brokern wo man an der Nasdaq handeln kann diese Aktie nicht kaufbar war, da der Partner keine entsprechende Verwahrstelle hatte.
Hier noch die aktuellen Zahlen:
https://ir.upstart.com/static-files/...ee-44c6-47e3-8136-32295b007347
bis jetzt noch keiner einen Thread aufgemacht hat will ich es hiermit tun, da vielleicht diese Perle viele Anleger noch nicht kennen und eine der Aktien in diesem Jahrzehnt werden kann.
Was macht Upstart Holdings?
Upstart Holings ist ein AI basierte Lending Plattform. Aktuell macht man fast ausschließlich Privatkredite hat aber bereits ein Tochterunternehmen gekauft was auch Autokredite anbietet. Sehr wahrscheinlich werden es auch in der Zukunft noch Hypothekendarlehen etc. Wichtig zu erwähnen ist auch, das Upstart keine eigenen Risiken übernimmt, da man nur als Vermittler auftritt. Dies kann über zwei Wege geschehen. Entweder man beantragt einen Kredit direkt über Upstart oder die Upstart Plattform ist bei der entsprechenden Bank white-label mäßig in denen ihrem Kreditanfragetool integriert.
Was ist der große Unterschied?
In den USA werden bisher Kredite vor allem über den FICO Score vergeben. Kann man vielleicht ähnlich mit unserem Schufa Score vergleichen. Upstart hat es mit seiner Technologie geschafft diesen FICO Score komplett obsolet zu machen. Upstart ist mit ihrer Technologie sprichwörtlich auf Gold gestoßen. Durch die Technologie vergibt Upstart Kredite an mehr Menschen, die über FICO keinen bekommen hätten und gleichzeitig wird sogar das Ausfallrisiko gesenkt. Also wirklich WIN-WIN. Die Technologie ist so gut, dass die erste Bank sogar komplett auf den FICO Score verzichtet. Sprich kein Mitarbeiter der Bank wird den vermittelten Kredit nochmals prüfen.
Was ist der Burggraben?
Ihre einzigartige Technologie. In dieser fließen über tausende Merkmale ein. Der Vorteil ist da mit stetiger Kreditvergabe der Code immer mehr verfeinert werden kann, da mehr Daten zur Verfügung stehen. Sprich mit der Zeit kann man noch mehr Menschen Kredite geben mit gleichzeitig niedrigeren Ausfallrisiko. Bis jetzt sehe ich auch keinen Konkurrenten der kurzfristig oder mittelfristig einen ähnlich guten Code in petto hat.
Wie schaut die Zukunft aus?
Rosiger wie rosig. Ich persönlich sehe erstmal keine ernsthafte Konkurrenz und bis jetzt ist man vor allem nur in den USA aktiv. Wenn diese Plattform erstmal international und über weitere Kreditarten ausgerollt wird ist der insgesamt adressierbare Markt im Billarden Bereich. Zudem ist man ein Fintech was nicht in Konkurrenz mit den Banken steht, da man eben die Kredite nicht ins eigene Buch nimmt. Gerade für das Wachstum und die Akzeptanz ist dies ein immenser Vorteil, da die Banken gerade mit Upstart zusammenarbeiten wollen, da man ja selber dadurch profitiert. Zudem hat Upstart bei den Kreditnehmern einen erstklassigen Ruf. Nicht nur das Menschen einen Kredit bekommen, welche wegen ihres FICO Scores abgelehnt wurden welcher nicht mehr zeitgemäß ist auch das faire Ausfallrisiko wird besser bewertet, wodurch der Zinssatz niedriger ist. Außerdem ist Upstart eines der wenigen Lending Unternehmen was den Kreditprozess auch komplett auf Spanisch aufgesetzt hat,
was in den USA nicht zu verachten ist und als faire Geste für viele spanischsprechende Menschen erachtet wird, wo Englisch nur die Zweitsprache ist. Gerade bei einem Kreditvertrag sollte man alles zu 100% verstehen können.
Mein Fazit:
Wie bereits oben erwähnt kann es aus meiner Sicht wirklich eine der Aktien in diesem Jahrzehnt werden als bester Performer. Man wächst von Quartal zu Quartal im dreistelligen % Bereich, letztes Quartal im Vergleich zum Vorjahr sogar 1000%. Zudem ist man schon zu diesem Zeitpunkt profitabel. In die Aktie würde ich aber nur sukzessiv einsteigen, da diese doch noch sehr schwankungsstark ist. In der Vergangenheit ist diese bei Q-Zahlen oder News auch mal um 100% gestiegen und wurde dann wieder stark abverkauft. Außerdem ist die Aktie nur an der Nasdaq handelbar. Ich kann hier nur DEGIRO empfehlen, da selbst bei anderen Brokern wo man an der Nasdaq handeln kann diese Aktie nicht kaufbar war, da der Partner keine entsprechende Verwahrstelle hatte.
Hier noch die aktuellen Zahlen:
https://ir.upstart.com/static-files/...ee-44c6-47e3-8136-32295b007347
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428 Postings ausgeblendet.
09.05.23 23:01
#435
RichyBerlin
UPST Q1-Zahlen
https://ir.upstart.com/news-releases/...es-first-quarter-2023-results
"Upstart Announces First Quarter 2023 Results
May 9, 2023 at 4:05 PM EDT
SAN MATEO, Calif.--(BUSINESS WIRE)--May 9, 2023-- Upstart Holdings, Inc. (NASDAQ: UPST), a leading artificial intelligence (AI) lending marketplace, today announced financial results for its first quarter of fiscal year 2023 ended March 31, 2023. Upstart will host a conference call and webcast at 1:30 p.m. Pacific Time today. An earnings presentation and link to the webcast are available at ir.upstart.com.
“I’m pleased with the progress we made in Q1 against the objectives I set out last quarter,” said Dave Girouard, co-founder and CEO of Upstart. “Despite the headwinds facing our industry, we secured multiple long-term funding agreements, together expected to deliver more than $2 billion to the Upstart platform over the next 12 months.”
First Quarter 2023 Financial Highlights
Revenue. Total revenue was $103 million, a decrease of 67% from the first quarter of 2022. Total fee revenue was $117 million, a decrease of 63% year-over-year.
Transaction Volume and Conversion Rate. Lending partners originated 84,084 loans, totaling $997 million across our platform in the first quarter of 2023, down 78% from the same quarter of the prior year. Conversion on rate requests was 8% in the first quarter of 2023, down from 21% in the same quarter of the prior year.
Income (Loss) from Operations. Income (loss) from operations was ($132) million, down from $34.8 million in the same quarter of the prior year.
Net Income (Loss) and EPS. GAAP net income (loss) was ($129) million, down from $32.7 million in the first quarter of 2022. Adjusted net income (loss) was ($38.7) million, down from $58.6 million in the same quarter of the prior year. Accordingly, GAAP diluted earnings per share was ($1.58), and diluted adjusted earnings per share was ($0.47) based on the weighted-average common shares outstanding during the quarter.
Contribution Profit. Contribution profit was $67.6 million in the first quarter of 2023, down 54% year-over-year, with a contribution margin of 58% compared to a 47% contribution margin in the same quarter of the prior year.
Adjusted EBITDA. Adjusted EBITDA was ($31.1) million, down from $62.6 million in the same quarter of the prior year. The first quarter 2023 adjusted EBITDA margin was (30%) of total revenue, down from 20% in the same quarter of 2022.
Financial Outlook
For the second quarter of 2023, Upstart expects:
Revenue of approximately $135 million
Revenue From Fees of approximately $130 million
Net Interest Income (Loss) of approximately $5 million
Contribution Margin of approximately 60%
Net Income (Loss) of approximately ($40) million
Adjusted Net Income (Loss) of approximately ($7) million
Adjusted EBITDA of approximately $0 million
Basic Weighted-Average Share Count of approximately 83.1 million shares
Diluted Weighted-Average Share Count of approximately 83.1 million shares
Upstart has not reconciled the forward-looking non-GAAP measures above to comparable forward-looking GAAP measures because of the potential variability and uncertainty of incurring these costs and expenses in the future. Accordingly, a reconciliation is not available without unreasonable effort.
Key Operating Metrics and Non-GAAP Financial Measures
For a description of our key operating measures, please see the section titled “Key Operating Metrics” below.
Reconciliations of non-GAAP financial measures to the most directly comparable financial results as determined in accordance with GAAP are included at the end of this press release following the accompanying financial data. For a description of these non-GAAP financial measures, including the reasons management uses each measure, please see the section titled "About Non-GAAP Financial Measures” below.
Conference Call and Webcast
Live Conference Call and Webcast at 1:30 p.m. PT on May 9, 2023. To access the call in the U.S. and Canada, dial +1 888-254-3590, conference code 1363719, and outside of the U.S. and Canada, dial +1 323-994-2093, conference code 1363719. A webcast is available at ir.upstart.com.
Event Replay. To replay the call in the U.S. and Canada, dial +1 888-203-1112 (code 1363719), and outside of the U.S. and Canada, dial +1 719-457-0820 (code 1363719). A call replay is available through May 16, 2023. The webcast will be archived for one year at ir.upstart.com..."
"Upstart Announces First Quarter 2023 Results
May 9, 2023 at 4:05 PM EDT
SAN MATEO, Calif.--(BUSINESS WIRE)--May 9, 2023-- Upstart Holdings, Inc. (NASDAQ: UPST), a leading artificial intelligence (AI) lending marketplace, today announced financial results for its first quarter of fiscal year 2023 ended March 31, 2023. Upstart will host a conference call and webcast at 1:30 p.m. Pacific Time today. An earnings presentation and link to the webcast are available at ir.upstart.com.
“I’m pleased with the progress we made in Q1 against the objectives I set out last quarter,” said Dave Girouard, co-founder and CEO of Upstart. “Despite the headwinds facing our industry, we secured multiple long-term funding agreements, together expected to deliver more than $2 billion to the Upstart platform over the next 12 months.”
First Quarter 2023 Financial Highlights
Revenue. Total revenue was $103 million, a decrease of 67% from the first quarter of 2022. Total fee revenue was $117 million, a decrease of 63% year-over-year.
Transaction Volume and Conversion Rate. Lending partners originated 84,084 loans, totaling $997 million across our platform in the first quarter of 2023, down 78% from the same quarter of the prior year. Conversion on rate requests was 8% in the first quarter of 2023, down from 21% in the same quarter of the prior year.
Income (Loss) from Operations. Income (loss) from operations was ($132) million, down from $34.8 million in the same quarter of the prior year.
Net Income (Loss) and EPS. GAAP net income (loss) was ($129) million, down from $32.7 million in the first quarter of 2022. Adjusted net income (loss) was ($38.7) million, down from $58.6 million in the same quarter of the prior year. Accordingly, GAAP diluted earnings per share was ($1.58), and diluted adjusted earnings per share was ($0.47) based on the weighted-average common shares outstanding during the quarter.
Contribution Profit. Contribution profit was $67.6 million in the first quarter of 2023, down 54% year-over-year, with a contribution margin of 58% compared to a 47% contribution margin in the same quarter of the prior year.
Adjusted EBITDA. Adjusted EBITDA was ($31.1) million, down from $62.6 million in the same quarter of the prior year. The first quarter 2023 adjusted EBITDA margin was (30%) of total revenue, down from 20% in the same quarter of 2022.
Financial Outlook
For the second quarter of 2023, Upstart expects:
Revenue of approximately $135 million
Revenue From Fees of approximately $130 million
Net Interest Income (Loss) of approximately $5 million
Contribution Margin of approximately 60%
Net Income (Loss) of approximately ($40) million
Adjusted Net Income (Loss) of approximately ($7) million
Adjusted EBITDA of approximately $0 million
Basic Weighted-Average Share Count of approximately 83.1 million shares
Diluted Weighted-Average Share Count of approximately 83.1 million shares
Upstart has not reconciled the forward-looking non-GAAP measures above to comparable forward-looking GAAP measures because of the potential variability and uncertainty of incurring these costs and expenses in the future. Accordingly, a reconciliation is not available without unreasonable effort.
Key Operating Metrics and Non-GAAP Financial Measures
For a description of our key operating measures, please see the section titled “Key Operating Metrics” below.
Reconciliations of non-GAAP financial measures to the most directly comparable financial results as determined in accordance with GAAP are included at the end of this press release following the accompanying financial data. For a description of these non-GAAP financial measures, including the reasons management uses each measure, please see the section titled "About Non-GAAP Financial Measures” below.
Conference Call and Webcast
Live Conference Call and Webcast at 1:30 p.m. PT on May 9, 2023. To access the call in the U.S. and Canada, dial +1 888-254-3590, conference code 1363719, and outside of the U.S. and Canada, dial +1 323-994-2093, conference code 1363719. A webcast is available at ir.upstart.com.
Event Replay. To replay the call in the U.S. and Canada, dial +1 888-203-1112 (code 1363719), and outside of the U.S. and Canada, dial +1 719-457-0820 (code 1363719). A call replay is available through May 16, 2023. The webcast will be archived for one year at ir.upstart.com..."
10.05.23 15:37
#437
RichyBerlin
Upstart $18,70/+32%
Das Video sehr negativ.
https://finance.yahoo.com/news/...g-firm-upstart-jumps-120122451.html
Text bullish
"(Reuters) - Shares of highly shorted Upstart Holdings jumped 32% in premarket trading on Wednesday, squeezing out bearish investors, after the artificial intelligence-driven lending marketplace secured an additional $2 billion in funding.
The San Mateo, California-based company, which uses AI to verify and process loans quickly, said it would receive the capital from new and existing partners over the next 12 months, helping the firm navigate an economic slowdown.
A sharp drop in demand for new loans because of high interest rates and fears of a slowdown has hammered shares of Upstart, erasing 82% of their value in the past 12 months.
"(The) committed funding agreements are a concrete step towards stabilizing Upstart's business," said James Faucette, analyst at Morgan Stanley, raising its price target on the stock to $13 from $10.
However, Faucette warned of risks ahead related to uncertain economic conditions, the company's historically challenged credit performance, and a lack of visibility to profitability.
Wall Street has a bearish view on the company and the average rating of 14 brokerages covering stock is "sell", while the median price target is $11.50, implying an 18.4% downside to the stock's last close.
At current levels, short sellers stand to lose about $122 million, according to analytics firm Ortex. About 37.5% of its free float was in short position as of May 8.
"With the price in Upstart jumping up over 30% in the pre-market, some short sellers will try to close their positions... adding additional buy pressure on the stock," said Peter Hillerberg, co-founder of Ortex.
When there is a rush of demand from short sellers looking to exit bearish bets due to a rise in a stock's price, it pushes prices even higher, resulting in a short squeeze.
The company's net loss per share, excluding items, was 47 cents, beating analysts' estimates of 81 cents loss per share, according to Refinitiv."
(Reporting by Medha Singh in Bengaluru; Editing by Saumyadeb Chakrabarty)
https://finance.yahoo.com/news/...g-firm-upstart-jumps-120122451.html
Text bullish
"(Reuters) - Shares of highly shorted Upstart Holdings jumped 32% in premarket trading on Wednesday, squeezing out bearish investors, after the artificial intelligence-driven lending marketplace secured an additional $2 billion in funding.
The San Mateo, California-based company, which uses AI to verify and process loans quickly, said it would receive the capital from new and existing partners over the next 12 months, helping the firm navigate an economic slowdown.
A sharp drop in demand for new loans because of high interest rates and fears of a slowdown has hammered shares of Upstart, erasing 82% of their value in the past 12 months.
"(The) committed funding agreements are a concrete step towards stabilizing Upstart's business," said James Faucette, analyst at Morgan Stanley, raising its price target on the stock to $13 from $10.
However, Faucette warned of risks ahead related to uncertain economic conditions, the company's historically challenged credit performance, and a lack of visibility to profitability.
Wall Street has a bearish view on the company and the average rating of 14 brokerages covering stock is "sell", while the median price target is $11.50, implying an 18.4% downside to the stock's last close.
At current levels, short sellers stand to lose about $122 million, according to analytics firm Ortex. About 37.5% of its free float was in short position as of May 8.
"With the price in Upstart jumping up over 30% in the pre-market, some short sellers will try to close their positions... adding additional buy pressure on the stock," said Peter Hillerberg, co-founder of Ortex.
When there is a rush of demand from short sellers looking to exit bearish bets due to a rise in a stock's price, it pushes prices even higher, resulting in a short squeeze.
The company's net loss per share, excluding items, was 47 cents, beating analysts' estimates of 81 cents loss per share, according to Refinitiv."
(Reporting by Medha Singh in Bengaluru; Editing by Saumyadeb Chakrabarty)
15.05.23 19:36
#439
RichyBerlin
Upstart News ! +20%
https://www.ariva.de/news/...se-agreement-for-up-to-4-billion-4311379
"Montag, 15.05.2023 11:00 von PR Newswire
Castlelake Reaches Purchase Agreement for up to $4 Billion of Consumer Installment Loans Originated on Upstart's Platform
MINNEAPOLIS, May 15, 2023 /PRNewswire/ -- Castlelake, L.P. ("Castlelake"), a global alternative investment manager with 17 years of experience investing in asset-rich opportunities today announced that Castlelake, together with a co-investor and minority partner Eltura Capital Management, has reached an agreement to purchase up to $4 billion of consumer installment loans from Upstart (NASDAQ: UPST), an artificial intelligence (AI) lending marketplace. The purchase agreement consists of the acquisition of a back book of loans and a forward flow arrangement.
Upstart connects millions of consumers to 99 banks and credit unions who leverage Upstart's AI to approve more borrowers at lower loss rates, while simultaneously delivering the exceptional digital-first experience customers demand. More than $32 billion in loans have been originated on Upstart's platform since its inception in 2012. Through the transaction, Castlelake will leverage its experience underwriting consumer credit and small business loans to provide Upstart with the ability to upsize its business.
"Through this purchase agreement, Castlelake is pleased to partner with Upstart to expand its business in response to the increasing demand for affordable credit in today's economic environment," said John Lundquist, Partner, Specialty Finance at Castlelake. "Against a backdrop of increasing economic uncertainty, Castlelake is committed to helping support Upstart's mission of unlocking mobility and opportunity for millions of U.S. consumers."
"Upstart is excited to collaborate with a firm that we believe is an experienced and dependable capital provider through economic cycles," added Sanjay Datta, CFO of Upstart. "Castlelake's support will help ensure we have the resources to continue scaling the deployment of our AI models and expanding access to affordable credit for all consumers."
The transaction is a recent example of Castlelake's participation in the consumer credit and specialty finance sector, where it has both acquired assets and provided asset-based private credit. Other recent transactions include a £100 million facility commitment for a fintech company focused on expanding its revenue-based financing solution, and an agreement to provide credit to a tech-enabled trade financing platform built for small and medium-sized businesses.
"Whether through asset acquisition or bespoke private credit solutions, Castlelake has both the experience and flexibility to support companies operating in the specialty finance and consumer credit arena," said Isaiah Toback, Partner, Deputy Co-chief Investment Officer at Castlelake. "With sustained consumer demand for affordable credit and the ongoing retrenchment of traditional lenders, we believe that private capital represents an increasingly important part of the financing market for companies seeking steady, secure growth."
"Montag, 15.05.2023 11:00 von PR Newswire
Castlelake Reaches Purchase Agreement for up to $4 Billion of Consumer Installment Loans Originated on Upstart's Platform
MINNEAPOLIS, May 15, 2023 /PRNewswire/ -- Castlelake, L.P. ("Castlelake"), a global alternative investment manager with 17 years of experience investing in asset-rich opportunities today announced that Castlelake, together with a co-investor and minority partner Eltura Capital Management, has reached an agreement to purchase up to $4 billion of consumer installment loans from Upstart (NASDAQ: UPST), an artificial intelligence (AI) lending marketplace. The purchase agreement consists of the acquisition of a back book of loans and a forward flow arrangement.
Upstart connects millions of consumers to 99 banks and credit unions who leverage Upstart's AI to approve more borrowers at lower loss rates, while simultaneously delivering the exceptional digital-first experience customers demand. More than $32 billion in loans have been originated on Upstart's platform since its inception in 2012. Through the transaction, Castlelake will leverage its experience underwriting consumer credit and small business loans to provide Upstart with the ability to upsize its business.
"Through this purchase agreement, Castlelake is pleased to partner with Upstart to expand its business in response to the increasing demand for affordable credit in today's economic environment," said John Lundquist, Partner, Specialty Finance at Castlelake. "Against a backdrop of increasing economic uncertainty, Castlelake is committed to helping support Upstart's mission of unlocking mobility and opportunity for millions of U.S. consumers."
"Upstart is excited to collaborate with a firm that we believe is an experienced and dependable capital provider through economic cycles," added Sanjay Datta, CFO of Upstart. "Castlelake's support will help ensure we have the resources to continue scaling the deployment of our AI models and expanding access to affordable credit for all consumers."
The transaction is a recent example of Castlelake's participation in the consumer credit and specialty finance sector, where it has both acquired assets and provided asset-based private credit. Other recent transactions include a £100 million facility commitment for a fintech company focused on expanding its revenue-based financing solution, and an agreement to provide credit to a tech-enabled trade financing platform built for small and medium-sized businesses.
"Whether through asset acquisition or bespoke private credit solutions, Castlelake has both the experience and flexibility to support companies operating in the specialty finance and consumer credit arena," said Isaiah Toback, Partner, Deputy Co-chief Investment Officer at Castlelake. "With sustained consumer demand for affordable credit and the ongoing retrenchment of traditional lenders, we believe that private capital represents an increasingly important part of the financing market for companies seeking steady, secure growth."
22.05.23 21:46
#444
RichyBerlin
UPST nochmal 25% drauf
Jetzt auch über der Linie "Tief aus Mai'22"
Shortquote weiter sehr hoch
https://www.marketwatch.com/tools/screener/short-interest
Shortquote weiter sehr hoch
https://www.marketwatch.com/tools/screener/short-interest
22.05.23 22:21
#447
RichyBerlin
H7..
Das stimmt.
Mit "weiter sehr hoch" meinte ich --wie schon seit Monaten--
Hier ist es "last updated" 09.Mai
https://www.highshortinterest.com/
Mit "weiter sehr hoch" meinte ich --wie schon seit Monaten--
Hier ist es "last updated" 09.Mai
https://www.highshortinterest.com/
23.05.23 10:49
#450
RichyBerlin
UPST ü100% im Mai
Ja, es kann gut sein, dass die Shortquote sinkt.
Aber wir müssen eben mit den Zahlen leben die wir sehen können.
Umgekehrt kann es genauso gut sein, dass wg.des erhöhten Kurses wieder Shortpositionen aufgebaut werden..
Also beschäftigen wir uns lieber mehr mit den Geschäftszahlen, den Kreditzinsen und dem Chart :)
Aber wir müssen eben mit den Zahlen leben die wir sehen können.
Umgekehrt kann es genauso gut sein, dass wg.des erhöhten Kurses wieder Shortpositionen aufgebaut werden..
Also beschäftigen wir uns lieber mehr mit den Geschäftszahlen, den Kreditzinsen und dem Chart :)
Angehängte Grafik:
upstart_2023-05-22.jpg (verkleinert auf 17%)
upstart_2023-05-22.jpg (verkleinert auf 17%)