• One

  Led · Series B · Aug 2021

  One builds an "all-in-one" banking product that reintegrates checking, lending, savings, spending and shared money management via individually configurable "Pockets" accessible through virtual and physical cards. Since going generally available in September 2020, the startup has grown to have "hundreds of thousands" of customers and says users have automatically saved nearly $20 million collectively. Product additions over the past 11 months include overdraft protection, an auto-save feature offering 3.00% APY, cash flow–based credit lines and a credit-builder product. One’s banking services are provided by Coastal Community Bank, Member FDIC, and the company positions itself as a fintech built on a proprietary, modern core rather than as a bank. The company targets stretched middle-income households and working families that it says are underserved by traditional banking. It plans to use new funding to fuel customer growth, hire and expand its product offerings. One offers a digital banking service that integrates credit to unify saving, spending, borrowing and sharing in one account for middle-class American families. The product features a single card combining debit and credit, competitive savings interest, no monthly/overdraft/NSF fees, integrated lines of credit at lower rates, and account "pockets" for sharing money. The company is opening early access to a private beta as it rolls out these features. One announced a $17M Series A and the close brings total funding to $26M. The financing is intended to fuel growth and further develop the product. One was founded in 2019 and is based in San Francisco and Sacramento, led by co-founders Bill Harris and Brian Hamilton.

• Octane

  Led · Series D · Aug 2021

  Founded in 2014, Octane offers an end-to-end digital buying experience for powersports, RVs, boats, personal watercraft, and outdoor power equipment. Its platform pre-qualifies consumers online, routes them to dealerships for quick closings, and services the loans it originates. The company’s financing portal and underwriting engine have helped it originate more than $7 billion in loans, issue over $4.7 billion in asset-backed securities, and sell or commit to sell $3.3 billion of secured consumer loans since December 2023. Octane grew originations by more than 30 percent from Q3 2024 to Q3 2025 and operates on a GAAP-net-income-profitable basis. It works with 60 OEM partner brands and over 4,000 dealer partners, addressing markets worth a combined $150 billion. Recent product launches have further sped up customer acquisition for merchants and improved flexibility for borrowers. The company employs about 600 people across remote and hybrid roles.

• Upstart

  Participated · Series D · Apr 2019

  Upstart operates an AI lending platform that enables banks and other lenders to offer credit through a white‑labeled “Powered by Upstart” application. The company says almost two‑thirds of its loans are approved instantly and are fully automated. Over the past five years Upstart has originated more than $3.3B in loans and reports loss rates less than half those of peer platforms for borrowers with similar FICO scores. Leadership includes co‑founders and CEOs Dave Girouard and Paul Gu. Upstart has launched partnerships with Customers Bank (and its BankMobile division) and signed Powered by Upstart agreements with First National Bank of Omaha, First Federal Bank of Kansas City and Accion Chicago. The company plans to use new funding to expand its AI platform to other types of credit, and will be offered as part of Progressive’s Advantage Products with loans available on progressive.com. Upstart is a nearly five-year-old online lender that applies modern data science and machine-learning models to assess borrower risk and price personal loans. Its average borrower is 28 and the typical loan is used to pay down credit card debt; borrowers pay about 12% APR on average versus roughly 22% on credit cards. The company has originated about $650 million in loans in its first two-and-a-half years and aims to originate about $1 billion this year. Upstart says it expects to turn profitable this year and currently has roughly 100 employees. It funds loans itself, works with institutions including Goldman Sachs, and allows individuals to fund about 10% of loans on its platform. The company is also launching a software-as-a-service licensing offering to sell its underwriting technology to banks, credit unions and retailers, charging a monthly fee plus a small per-loan fee, and plans securitizations to access broader credit-market funding. Upstart is a Palo Alto-based online lending platform that finances professional and academic talent. It uses a proprietary underwriting model that evaluates signals of potential, including schools attended, area of study, academic performance, and work history. The model is designed to identify high-quality borrowers despite limited credit and employment experience. Upstart offers three-year fixed interest loans whose proceeds can be used to start a business, pay for a coding bootcamp, eliminate student debt, or pay off credit cards. The company is led by founder and CEO Dave Girouard. It raised $35M in a Series C and will use the funds to continue expanding operations. Upstart is a lending platform based in Palo Alto that goes beyond the FICO score to finance people using signals of potential such as employment history and academic performance. Its core product is a proprietary underwriting model designed to identify high-quality borrowers despite limited credit and employment experience. Upstart-originated loans can be used for purposes including paying off credit cards, eliminating student debt, funding education such as coding bootcamps, or starting a business. The company reports that in the 11 months since inception it has originated more than 5,000 loans totaling $70 million, including over $14 million in March alone. Upstart positions itself to provide fairly priced loans to borrowers underserved by traditional lenders and says its mission is to bring financial fitness to all. Founder and CEO Dave Girouard said expanding the partnership with Victory Park Capital will provide capital and expertise to scale the platform. Upstart is a Palo Alto–based lending platform that evaluates borrowers using non‑FICO signals including schools attended, area of study, academic performance, and work history. Its proprietary underwriting model aims to identify high‑quality borrowers despite limited credit or employment history. Since inception earlier this year the platform has originated more than 500 loans totaling over $7.5 million and receives more than 1,000 loan applications daily. Upstart reports it has not yet experienced a delinquent payment. Loans can be used for purposes ranging from starting a business and paying for training to eliminating student debt or paying off credit cards. The company says it is committed to providing fairly priced loans and plans to expand its product into new markets to serve borrowers who lack conventional credit scores.

No current team members are available.