Much of the $UPST selling last year had more to do with the macro environment— Wall Street punished Upstart for carrying loans on their balance sheet.

Now, the macro environment is improving and Upstart is removing / selling loans. That helped them get committed funding. They also added almost double the amount of partners and are showing gains in Auto and their artificial intelligence capabilities.

Management has a lot of skin in the game.

$UPST is up 16% today.