Upstart is a lending platform that provides personal loans to borrowers.
Through their online platform, individuals can apply for personal loans and receive funds based on their creditworthiness and financial profile.
Once approved for a personal loan, Upstart delivers the loan amount to the borrower through an electronic funds transfer, depositing the money into the borrower's designated bank account.
Zelle, on the other hand, is a popular peer-to-peer payment service that allows users to send and receive money securely and conveniently.
It enables direct transfers between bank accounts, making it a convenient option for individuals who want to send money to friends, family, or others.
You can utilize Zelle with the funds received from Upstart once they hit your bank, but you cannot directly use Zelle within the Upstart platform.
Upstart focuses on providing personal loans and facilitating the delivery of funds, while Zelle specializes in enabling peer-to-peer transfers through supported bank integrations.
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