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MPOWER Financing Stock
Private Student Loan Provider
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
1776 Ventures
Baltimore Angels
Breega Capital
Chilango Ventures
Cometa
Community Investment Management
Dreamit Ventures
Fresco Capital
Goal Structured Solutions
Goldman Sachs
WeWork, Alibaba, Spotify, Compass, Pinterest, Bloom Energy, Oscar Health, Automation Anywhere, Zymergen, AUTO1 Group
Gray Matters Capital
Potencia Ventures
University Ventures
VilCap Investments
Village Capital
Zephyr Management
Zephyr Peacock India
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
dlvr - May, 16 2022
yourstory - Jan, 27 2021
bit - Jun, 9 2020
vccircle - Aug, 19 2019
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