PRNewswire, August 18, 2023, 9:00 PM
Collaborative Development of "Web 3.0 Ecosystem and Blockchain Business"
UPSTART and BitBase have decided to jointly develop BitBase's blockchain platform BBC and the Web 3.0 ecosystem.
UPSTART's parent company participates as a co-developer of the 'BBC' platform.
This partnership will provide point exchange services between UPSTART and BBC Chain credits, as well as collaborative marketing activities to promote the activation of NFT memberships for BBC.
Upstart Holdings Inc provides credit services through a proprietary cloud-based AI lending platform. The platform aggregates consumer loan demands and connects them to the AI-powered Upstart banking partner network. The company's revenue includes fees paid by banks. On August 18th, the AI lending platform UPSTART announced a strategic partnership with BBC (BITBASE HOLDING LIMITED) to facilitate direct collaboration on the Web 3.0 ecosystem and blockchain.
Initially, the two companies will collaborate on joint marketing activities to promote BitBase's recently launched BBC AI algorithm finance project. The project has released a beta version application within this month. By the end of the year, the two companies will establish a complete business integration to offer more valuable and diversified financial services to their users.
Jacky Whilfield, CEO of BitBase, stated, "I am excited about the synergies that our two companies will create as key partners in driving blockchain initiatives within the larger ecosystem." He added, "We will work together to provide customers with more beneficial and advantageous services."
Upstart Holdings Inc provides credit services through a proprietary cloud-based AI lending platform. The platform aggregates consumer loan demands and connects them to the AI-powered Upstart banking partner network. The company's revenue includes fees paid by banks. The company went public on NASDAQ on December 16, 2020, and has served over 2.7 million users, making it a global leader in AI lending platforms. As of the date of this press release, the company's total market capitalization is $2.937 billion.
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