Full-Time

Senior Business Development Manager

Growth Partnerships

Confirmed live in the last 24 hours

Upstart

Upstart

1,001-5,000 employees

AI lending marketplace for personal loans

Fintech
AI & Machine Learning
Financial Services

Compensation Overview

$153.9k - $213kAnnually

+ Bonus + Equity Compensation

Senior

Remote in USA

Category
Business Development
Business & Strategy
Requirements
  • 7+ years experience in business development focused on strategic partnerships
  • Bachelor's degree + relevant work experience
  • Highly effective communicator - including creating and delivering compelling presentations
  • External facing project and/or deal experience
  • Strong negotiator
  • Ability to independently drive complex deals to completion - including gaining alignment and buy-in from a variety of cross-functional stakeholders
  • Strong negotiator: Able to find creative solutions that create value for both sides
Responsibilities
  • Own our new partnerships strategy: Develop and execute a comprehensive strategy for forming new partnerships. Leverage our goals and strategic roadmap to identify high-potential categories, form hypotheses, and maintain a plan to drive growth and innovation across our product categories.
  • Test and inform your hypotheses: Build relationships with prospective partners - navigating through organizations to senior decision makers
  • Lead complex deal cycles: Manage the entire lifecycle of complex deals, from inception and negotiation through to implementation, ensuring a seamless transition to our Partner Management team for onboarding and ongoing relationship management.
  • Your work will have high visibility to execs and other senior stakeholders - plan to communicate to leadership often, solicit feedback, and implement that feedback into your strategy and execution

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. The company's goal is to make borrowing more accessible and efficient for everyone.

Company Stage

IPO

Total Funding

$132M

Headquarters

San Mateo, California

Founded

2012

Growth & Insights
Headcount

6 month growth

0%

1 year growth

-5%

2 year growth

-16%
Simplify Jobs

Simplify's Take

What believers are saying

  • Recent partnerships with credit unions indicate growing trust in Upstart's AI lending solutions.
  • Blue Owl's $2 billion loan acquisition shows strong market demand for Upstart's offerings.
  • Successful fundraising of $425M and $375M notes reflects investor confidence in Upstart.

What critics are saying

  • Rising interest rates may reduce consumer demand for Upstart's loans.
  • Increased competition from AI-driven platforms could erode Upstart's market share.
  • Regulatory scrutiny on AI models may increase compliance costs for Upstart.

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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