Upstart Surges 5.39% Despite 213th-Ranked $560M Volume as Strategic Partnership Expands Lending Network

Upstart (NASDAQ: UPST) surged 5.39% on August 13, 2025, despite a 29.09% decline in daily trading volume to $560 million, ranking 213th in market activity. The stock’s performance coincided with a strategic partnership announcement that could expand its lending network.

ABNB Federal Credit Union, a member-owned institution serving 76,000 members, joined Upstart’s Referral Network in May 2025 to offer AI-driven personal loans. The collaboration allows qualified applicants to access ABNB’s credit products through Upstart’s platform, streamlining the application process with automated underwriting. Michael Lock, Upstart’s Senior Vice President of Lending Partnerships, highlighted the partnership’s potential to reach new borrowers during periods of financial demand.

Upstart’s AI-powered lending model, which automates over 90% of loan decisions, has positioned the company to attract partners seeking efficient credit solutions. The integration with ABNB aligns with Upstart’s strategy to broaden its network of 100+ financial institutions, leveraging technology to enhance accessibility and reduce operational costs for lenders.

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