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MPOWER Financing

MPOWER Financing

MPOWER Financing is providing Student loans and scholarships for international and DACA students.

Financial Services, FinTech

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Basic Information

Headquartered in Washington DC, MPOWER Financing believe education should be borderless. As a fast-growing fintech, they leverage their cross-border digital lending platform, big data, and global infrastructure to finance the millions of high-promise international and DACA students in North America. Their Salient Features: Secured On Your Future - A loan without a cosigner, collateral, or U.S. credit history; Flexible Funding Options - Fixed-rate loans from $2,001 to $50,000 total with up to 1.50% in interest rate discounts; Made for Global Citizens - Loans and scholarships offered to 190+ nationalities; They Support Your Journey - Free visa support letters and exclusive career strategy services. They were named by American Banker as a top fintech to work for (2018, 2019, and 2020), and their product was rated as top in its class by Nerdwallet and U.S. News.

Headquarters

:

Washington, D.C., Washington D.C., United States of America

Business Model

:

B2B

Founding Date

:

2014

No. of Employees

:

151 to 250

Core Team

:

1.

Mike Davis

Co-Founder

2.

Emmanuel Smadja

Co-Founder and CEO

Revenue Stream

Commission on transaction

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Funding

Total Funding

$525.0M

Investors

:

1.

Zephyr Management

2.

1776 Ventures

3.

Gray Matters Capital

4.

Goldman Sachs

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