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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 |
|---|---|---|
|
|
— | Series Unknown |
|
|
— | Series Unknown |
Breega
|
— | Series Unknown |
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