Upstart Holdings, Inc. (UPST) saw its stock price surge by 5.18% during the intraday session on Wednesday, reflecting strong investor optimism following a significant business announcement.
The company revealed a partnership with Tech CU, a Bay Area credit union with nearly $5 billion in assets, to offer AI-powered personal and auto refinance loans. This collaboration, which began in September 2025, leverages Upstart's artificial intelligence lending platform to provide Tech CU members with faster and more tailored loan options. The partnership is expected to expand Upstart's market reach and enhance its revenue streams, starting with personal loans and extending to auto refinance loans in early 2026.
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