The Google-backed lending platform has now raised more than $42m since it was founded in 2012, and has issued $128m in loans.

Upstart, a US-based online lending platform that counts internet company Google among its backers, has secured $35m in series C funding.

Third Point Ventures, the venture capital subsidiary of investment adviser Third Point, led a round that included Khosla Ventures, First Round Capital, and Collaborative Fund, all existing investors in Upstart.

Upstart runs an online lending platform that assesses potential borrowers not on their credit scores but on other signifiers such as academic and work history. It runs more than…