Upstart is looking for an attorney with capital markets experience to join our growing legal team as a Legal Counsel. This role will give you the chance to work across the entire Upstart business while being focused on our capital market products. You will get involved in negotiating transaction documents, assisting with corporate finance transactions and general corporate transactions. Your responsibilities will include: drafting, review and negotiation of all transaction documents related to loan sales, securitizations, warehouse facilities and platform investments; assistance with corporate financing transactions and corporate housekeeping matters; and special projects, as needed. As a fin-tech company operating in a heavily regulated space (but also with many “gray” or unsettled areas!), with financial institutions and individual investors and consumers as our customers. You will be required to consider a wide array of complex and often novel legal issues including securities and financial services regulation, IP, and tax issues. There will often be issues that have never existed before, and you will have the creativity and confidence to tackle ambiguity and craft innovative legal arrangements, with a critical eye toward risk and a deep appreciation of the need to preserve and build upon Upstart’s reputation and credibility with regulators, investors and customers.
Founded by ex-Googlers, Upstart is the first lending platform to leverage artificial intelligence and machine learning to price credit and automate the borrowing process. The company's proprietary underwriting model identifies high-quality borrowers despite limited credit and employment history by using variables including schools attended, area of study, and work experience. Upstart offers 3-year and 5-year fixed-rate interest loans, which are primarily used to pay off credit cards, consolidate debt, make large purchases, or invest in vocational education.
In addition to its direct-to-consumer lending platform, Upstart provides technology to banks, credit unions and other partners via a “Software-as-a-Service” offering called Powered by Upstart.