Upstart Holdings (NASDAQ: UPST) and Affirm Holdings (NASDAQ: AFRM) were both once considered disruptive fintech companies. They also had the attention of growth stock aficionados.

Upstart attracted attention because it challenged credit reporting services by analyzing a wide range of non-traditional factors -- including a person's education, GPA, standardized test scores, and work history -- to approve loans for customers with limited credit histories.

Affirm's attention came because it challenged credit card companies with a "buy now, pay later" (BNPL) service which enabled customers to split large purchases into smaller installments. That approach, which approved "microloans" for every purchase, also targeted customers with flawed or limited credit histories who couldn't get approved for traditional credit cards.

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Source Fool.com