Upstart, an online consumer lender based in San Carlos, Calif., is making its debut in the securitization market.

Upstart was founded by several former Google employees; founder Dave Girouard, spent eight years at the technology company. The Upstart platform began making personal installment loans to prime and near-prime borrowers in May 2014. As of March 31, it had issued 53,000 loans for over $650 million.

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