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Is this fintech’s innovative platform enough?
IPO darling Upstart Holdings ( UPST -% ) has pulled back 72% from its all-time highs amid market uncertainty and a rotation out of speculative tech stocks. Can the fintech platform that utilizes artificial intelligence to assess creditworthiness disrupt the traditional lending industry? Or does it face an uphill battle against established lending companies?
In this video clip from “The Rank,” recorded on Feb. 14, Motley Fool contributors Matthew Frankel, CFP, Jason Hall, and Tyler Crowe discuss Upstart’s meteoric rise and recent fall, and explore the challenges the company faces in a crowded field.
Matt Frankel: Upstart went public at a $20 IPO price in above $400. It was a 20-bagger in less than a year after its IPO. Continuer la lecture de Can Upstart Stand Out in Its Competitive Market?
