Full-Time

Principal Product Manager

Mobile

Confirmed live in the last 24 hours

Upstart

Upstart

1,001-5,000 employees

AI lending marketplace connecting consumers and banks

Consumer Software
Fintech

Compensation Overview

$187.9k - $260kAnnually

+ Bonus + Equity Compensation

Senior

Remote in USA

Category
Product Management
Product Strategy
Product
Required Skills
Agile
Product Management
Requirements
  • 8+ years of consumer product management experience; at least 3 years in mobile
  • Demonstrated success in finding product-market fit for an early stage b2c mobile app
  • Passion and aptitude for credit and personal finance economic concepts
  • A range of product management experience, including 2+ years each at an early startup as well as a mature public company
  • Demonstrated success in scaling a mobile app from launch to xx,000 DAUs
  • Experience with a product that relies on machine-learning
  • Experience building online finance products, and/or knowledge of the consumer finance market
  • Demonstrated commitment to mission-oriented outcomes
  • Demonstrated ability to galvanize others to achieve outsized outcomes (school, hobbies, work, etc.)
Responsibilities
  • Write detailed requirements; manage agile processes and stakeholders to drive consensus for our new and existing mobile app features
  • Conduct user research and make clever use of numbers to own our roadmap and vision. Make smart trade-offs, maximizing ROI, taking risks, and experimenting when necessary.
  • Passionately advocate for a customer experience that leads to extreme customer loyalty
  • Collaborate with machine learning and marketing to balance unit economics with long-term customer value
  • Demonstrate and encourage best practices in product management by influencing other PMs throughout the company.

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 lending process.

Company Stage

IPO

Total Funding

$132M

Headquarters

San Mateo, California

Founded

2012

Growth & Insights
Headcount

6 month growth

-2%

1 year growth

-5%

2 year growth

-16%
Simplify Jobs

Simplify's Take

What believers are saying

  • Upstart's Model 15.0 shows a significant 15% improvement in accuracy, indicating strong technological advancements.
  • The company's expansion into home equity lines of credit (HELOC) opens new revenue streams and market opportunities.
  • Partnerships with credit unions like Diamond, Seattle, and Kaua'i Federal Credit Unions highlight Upstart's growing influence in the financial sector.

What critics are saying

  • Upstart has faced significant funding challenges, leading to layoffs and potential instability.
  • The company's stock has experienced a dramatic 94% plunge, raising concerns about its financial health.

What makes Upstart unique

  • Upstart leverages advanced AI algorithms to offer personalized lending solutions, setting it apart from traditional lenders.
  • The company's Recognized Customer Personalization (RCP) tool allows banks to customize loan offers, enhancing customer satisfaction and engagement.
  • Upstart's partnerships with multiple credit unions demonstrate its ability to integrate seamlessly into existing financial ecosystems.

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