By incorporating more data points than the old-fashioned Fair Isaac FICO scores that banks and credit unions typically use to evaluate individual credit risk, Upstart finds creditworthy borrowers who would have slipped through the cracks. Rising interest rates meant to slow down runaway inflation were already making markets nervous about richly valued growth stocks. We'll find out a lot more about Upstart's expansion beyond the limited personal loan market when the company reports first-quarter earnings after the bell on Monday, May 9, 2022.