Upstart (NASDAQ: UPST) leverages artificial intelligence (AI) to evaluate 1,600 variables over 58 million repayment events, making lending accessible to more borrowers and (ideally) achieving lower default rates.

The exciting fintech got off to a blistering red-hot start following its December 2020 IPO, but it remains a young, up-and-coming company. Its lending model has much to prove as people grapple with multi-decade-high interest rates and near-record levels of credit card debt.

While the company's long-term potential is huge, another company with a more mature, stable business model is a better buy for investors today.

Continue reading

Source Fool.com