Full-Time

Legal Counsel

Commercial

Confirmed live in the last 24 hours

Upstart

Upstart

1,001-5,000 employees

AI lending marketplace connecting consumers and banks

Fintech
AI & Machine Learning
Financial Services

Compensation Overview

$143.4k - $198.5kAnnually

+ Bonus + Equity Compensation

Mid

Company Historically Provides H1B Sponsorship

Remote in USA

The majority of employees are encouraged to spend high-quality time in-person collaborating via regular onsites, typically once or twice per quarter for 2-4 consecutive days.

Category
Legal
Legal & Compliance

You match the following Upstart's candidate preferences

Employers are more likely to interview you if you match these preferences:

Degree
Experience
Requirements
  • J.D. degree with solid academic credentials and a state bar membership in good standing (CA or NY preferred)
  • 2+ years of experience in a top-tier law firm
  • Commercial transactional experience dealing with complex business issues
  • Knowledge and/or experience with data licensing and privacy issues encouraged
Responsibilities
  • Work cross-functionally to support Upstart’s initiatives on a wide variety of commercial transactions related to business operations: Business Development, Finance, Growth, Engineering, Human Resources, Product, and IT.
  • Provide legal and strategic guidance to assess and mitigate legal risk by building a deep understanding of the business and collaborate with internal clients to support their goals.
  • Review, draft, and negotiate commercial contracts, including master service agreements, software licenses, consulting services agreements, marketing agreements, and other purchase agreements.
  • Develop processes and templates for commercial transactions to support and drive the business.
Desired Qualifications
  • Self-starter who thrives under limited direction and excited by challenges
  • Strong communication skills with a demonstrated ability to effectively and proactively provide quick, concise, and practical legal advice that is consistent with any business objectives
  • Eager to develop expertise in new or unfamiliar areas of law

Upstart connects consumers with banks and credit unions through its AI-driven lending marketplace. The platform uses advanced AI models to assess borrowers' creditworthiness, allowing lenders to approve more loans at lower rates without bias based on race, age, or gender. Borrowers benefit from a digital-first experience, with over 80% receiving instant approval without needing to provide documentation. Upstart offers various financial products, including personal loans, automotive loans, home equity lines of credit, and small-dollar relief loans. What sets Upstart apart from its competitors is its focus on using AI to enhance the lending process, making it faster and more accessible. The company's goal is to improve access to credit for all consumers while ensuring a fair and efficient lending experience.

Company Size

1,001-5,000

Company Stage

IPO

Total Funding

$132M

Headquarters

San Mateo, California

Founded

2012

Simplify Jobs

Simplify's Take

What believers are saying

  • Recent partnerships with credit unions show growing trust in Upstart's AI lending.
  • Blue Owl Capital's $2 billion loan acquisition indicates confidence in Upstart's portfolio.
  • Convertible notes issuance provides capital for expansion and debt repayment.

What critics are saying

  • Rising interest rates may reduce demand for Upstart's loans.
  • Regulatory scrutiny on AI models could increase compliance costs.
  • Economic downturns could lead to higher default rates, affecting profitability.

What makes Upstart unique

  • Upstart uses AI to approve over 80% of borrowers instantly without documentation.
  • The platform considers non-traditional variables like education and work experience for credit decisions.
  • Upstart offers diverse financial products, including personal, auto, and home equity loans.

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Benefits

Health Insurance

401(k) Company Match

Employee Stock Purchase Plan

Life Insurance

Paid Vacation

Parental Leave

Flexible Work Hours

Wellness Program

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

-4%
Business Wire
Feb 19th, 2025
Holyoke Credit Union Selects Upstart for Personal Lending

Holyoke Credit Union selects Upstart for personal lending.

Stock Titan
Jan 8th, 2025
Sandia Area Federal Credit Union Selects Upstart for Personal Lending

Sandia Area Federal Credit Union selects Upstart for personal lending.

Stock Titan
Dec 4th, 2024
Advia Credit Union Selects Upstart for Personal Lending

Advia Credit Union, a major credit union with $3 billion in assets and nearly 200,000 members across Michigan, Wisconsin, and Illinois, has partnered with Upstart (NASDAQ: UPST) to expand its personal lending services.

Financial Pinnacle
Nov 21st, 2024
DR Bank Chooses Upstart's Small-Dollar Loan Product to Expand Access to Credit

DR Bank chooses Upstart's small-dollar loan product to expand access to credit.

Stock Titan
Nov 13th, 2024
Upstart Raises $425M in Convertible Notes

Upstart Holdings (NASDAQ: UPST) has announced the pricing of a $425 million offering of 1.00% Convertible Senior Notes due 2030 in a private sale to qualified institutional buyers. The notes, with an initial conversion rate of 10.8702 shares per $1,000 principal amount (approx. $91.99 per share), will mature on November 15, 2030. Upstart expects net proceeds of about $414.8 million, intended for general corporate purposes, including potential debt repayment. An additional $75 million option was granted to initial purchasers.