Upstart let me think about Ant, yes a China financial company which belongs Alibaba group. The Ant’s success experience is base on the mega consumer trading data from Alibaba Taobo or Tienmart. UPST don’t have something like this so I believe they may need some bank group feeding them the data to let them create what they called “AI”. I have to admit much risk from this model but it’s necessary because here is not China. You don’t have any privileges to do such kinds of business like Ant.
So I agree they need to lower their single customer dependency. I don’t know when, but looking forward to. Maybe they’ll be acquired someday by E commence.