MPOWER Financing Stock
Private Student Loan Provider
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About MPOWER Financing Stock
MPOWER is a US-based lender offering student loans to international students studying in the US or Canada without requiring a co-signer, collateral, or US credit history because our proprietary credit algorithm focuses on future potential. MPOWER disburses payments directly to the university on behalf of the students to pay for tuition or university-sponsored services like housing, meal plans, or health insurance. Students start paying back the loan within 6 months after graduation. The loan comes with interest discounts, free personal finance education courses, credit-building, and a job placement service for the students.
Investors
Goldman Sachs
WeWork, Alibaba, Spotify, Compass, Pinterest, Bloom Energy, Oscar Health, Circle, Ramp, Automation Anywhere
Community Investment Management
Village Capital
1776 Ventures
Baltimore Angels
Funding History
August 2015 | $5.5M |
---|---|
October 2015 | $4.0M |
October 2016 | $6.0M |
June 2017 | $500K |
November 2018 | $10.0M |
December 2018 | $100M |
August 2019 | $100M |
January 2020 | $10.0M |
June 2020 | $9.0M |
January 2021 | $25.0M |
March 2021 | $5.0M |
July 2021 | $100M |
Management
Chief Executive Officer
Emmanuel Smadja
Chief Financial Officer
Bob Alexander
Press
finance - Apr, 5 2024
13 World Leaders Who Got Biz Degrees In The U.S. — And One Who (Probably) Didn'tprnewswire - Feb, 20 2024
MPOWER Financing names Jatin Rajput, global financial services executive and fintech investor, as Chief Financial Officerfintech - Feb, 11 2024
MPOWER Financing passes €300m in financing capacity to support international studentsyourstory - Feb, 11 2024
MPOWER Financing expands lending capacity to over $300Mfintechfutures - Feb, 11 2024
MPOWER Financing boosts lending capacity to over $300m with fresh debt funding