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MPOWER Financing Stock
MPOWER lends to high-promise international students at top US universities.
About MPOWER Financing Stock
MPOWER is the only 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. Loans are 10-year, fixed rate, and range between $2,001 and $50,000. 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.
Funding History
| October 2015 | $4.0M |
|---|---|
| October 2016 | $6.0M |
| March 2017 | $0 |
| June 2017 | $500K |
| November 2018 | $10.0M |
| December 2018 | $100M |
| August 2019 | $100M |
Management
VP of Finance / CFO
Lana Bronipolsky
Vice President of Operations
Robert Armour
CEO and Co-Founder
Emmanuel Smadja
CTO and Co-Founder
Michael Davis
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