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  <xs:element id="upst_TrailingFeeLiabilityAtFairValueAmount" abstract="false" name="TrailingFeeLiabilityAtFairValueAmount" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
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  <xs:element id="upst_IncreaseDecreaseInOperatingLeaseLiabilityAndRightOfUseAsset" abstract="false" name="IncreaseDecreaseInOperatingLeaseLiabilityAndRightOfUseAsset" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
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  <xs:element id="upst_LongTermAndShortTermDebtMaturityRemainderOfFiscalYear" abstract="false" name="LongTermAndShortTermDebtMaturityRemainderOfFiscalYear" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
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  <xs:element id="upst_SensitivityAnalysisOfFairValueAssetsImpactOf10PercentAdverseChangeInExpectedCreditLossRates" abstract="false" name="SensitivityAnalysisOfFairValueAssetsImpactOf10PercentAdverseChangeInExpectedCreditLossRates" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="upst_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf20PercentIncreaseInMarketServicingRates" abstract="false" name="SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf20PercentIncreaseInMarketServicingRates" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
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  <xs:element id="upst_SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf10PercentIncreaseInMarketServicingRates" abstract="false" name="SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf10PercentIncreaseInMarketServicingRates" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
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  <xs:element id="upst_IncreaseDecreaseInPayableToInvestors" abstract="false" name="IncreaseDecreaseInPayableToInvestors" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
</xs:schema>
