MPOWER Financing Stock

Private Student Loan Provider

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Founded

2019

Notable Investors

Goldman Sachs

Headquarters

Washington DC, US

Total Funding

$221M

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

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

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