Why Upstart shares are increasing

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Upstart Holdings Inc Shares (NASDAQ: UPST) are trading up 10.3% to $ 323.60 despite lack of company-specific news of the session.

WSFS Financial Corporation (NASDAQ: WSFS) today announced the launch of a digital personal loan product powered by Upstart.

WSFS says this partnership with Upstart extends the bank’s personal loan offerings to a broader and more inclusive customer base while diversifying its business and creating more digitally-friendly customer experiences.

“WSFS Bank is thrilled to partner with Upstart, combining their cutting edge technology with our nearly 200 years of experience as a service-oriented, locally managed bank, to deliver a fast and easy experience to reach and serve. our customers wherever they are. Said Jim Wechsler, senior vice president, director of personal loans at WSFS Bank.

“With the Upstart platform, we continue our delivery transformation, investing in our technology and delivery systems to meet the evolving needs of our customers. Through this partnership, we are providing a more affordable personal loan solution that meets the unique needs of our diverse communities across the greater Philadelphia and Delaware area, ”said Wechsler.

Upstart provides credit services. The company provides a proprietary cloud-based, artificial intelligence-based lending platform.

Upstart has a 52 week high of $ 326.00 and a 52 week low of $ 22.61.

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