MPOWER Financing

company

About

MPOWER Financing is a social benefit corporation financing domestic and international students.

  • 51 - 100

Details

Last Funding Type
Series B
Last Funding Money Raised
$10M
Industries
Finance,Financial Services,Higher Education
Founded date
Jan 1, 2014
Number Of Employee
51 - 100
Operating Status
Active

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.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
3
$119M
MPOWER Financing has raised a total of $119M in funding over 2 rounds. Their latest funding was raised on Jul 13, 2021 from a Series Unknown round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Jul 13, 2021 Series Unknown $100M 2 — — Detail
Jun 8, 2020 Series Unknown $9M 1 — — Detail
Nov 27, 2018 Series B $10M 1 — — Detail

Investors

Number of Lead Investors
Number of Investors
—
3
MPOWER Financing is funded by 3 investors. Pennington Alternative Income Management and Drakes Landing Associates are the most recent investors.
Investor Name Lead Investor Funding Round
Pennington Alternative Income Management — Series Unknown
Drakes Landing Associates — Series Unknown
Breega — Series Unknown