Fintech
Forget Upstart, buy this magnificent Fintech stock instead
Start (NASDAQ: UPST) uses artificial intelligence (AI) to evaluate 1,600 variables across 58 million repayment events, making loans accessible to more borrowers and (ideally) achieving lower default rates.
The exciting fintech got off to a red-hot start following its December 2020 IPO, but remains a young, emerging company. Its lending model has a lot to prove as people grapple with decades-high interest rates and near-record levels of credit card debt.
While the company’s long-term potential is enormous, another company with a more mature and stable business model represents a better buy for investors today.
Source Fool.com