Fintech Firm Upstart’s Value Nearly Doubles

Jump in stock makes CEO a billionaire.

Upstart Holdings continues to rise. The fintech firm reported greater-than-expected fourth-quarter earnings a few weeks ago, netting a total of $233M in revenue in 2020. That sent the stock value rising 89% the following day. As a result, Co-founder and CEO Dave Girouard’s net worth is now in the billions, thanks to his approximately 14% ownership of the company. Upstart Holdings went public in December 2020 and has seen its shares steadily rise in value. Girouard founded Upstart in 2012; previously he was Google’s president of enterprise.