Upstart Introduces Digital Finance and Online Sales Applications to Offer a Fully Digital Auto Retail Experience
Upstart Auto Retail combines online and in-store digital retail capabilities with financing and manager tools to help dealerships create an omnichannel car-buying experience. In the second quarter, Upstart will add:
- Digital Finance: Enables a frictionless signing and contracting process, with automated verification, more loan approvals, and next-day funding powered by Upstart’s AI – and no new sales process required for dealers.
- Online Sales: Enables the completion of a car purchase entirely online, including financing and e-signing contract documents.
Both applications can be customized to a dealership’s existing software solutions or workflows.
“Engaging customers with a seamless experience – whether shopping from the comfort or their homes or in-store – is the key to winning in the next generation of auto retail,” said
As of Q4 2022, Upstart was the second fastest-growing auto retail software in the
“In 2022, we launched a successful pilot program with Upstart to extend our leadership in creating a best-in-class digital experience,” said
“Buying and financing a car is an important financial milestone, and Upstart is continually evolving to help dealerships meet customers where they are,” said
Upstart’s Digital Finance and Online Sales applications will be available for demo at
Upstart (NASDAQ: UPST) is a leading AI lending marketplace partnering with banks and credit unions to expand access to affordable credit. By leveraging Upstart’s AI marketplace, Upstart-powered banks and credit unions can have higher approval rates and lower loss rates across races, ages and genders, while simultaneously delivering the exceptional digital-first lending experience their customers demand. More than two-thirds of Upstart loans are approved instantly and are fully automated. Upstart was founded by ex-Googlers in 2012 and is based in