About MPOWER Financing
MPOWER Financing operates as a financial technology company. It specializes in educational loans to international students who do not fit the traditional credit criteria of banks or lenders. It offers educational loans and scholarships in categories such as women in science, education, technology, and management (STEM), refugee scholarship, and more. The company was founded in 2014 and is based in Washington, DC.
MPOWER Financing's Products & Differentiators
MPOWER Education Refinance Loan
Financial Freedom for You and Your Family Our Refi product solves a key pain point for international student graduates - principally that few (if any) options exist that give graduates the power of financial freedom to their friends or family who cosigned or provided collateral for their original education loan. Refinancing an education loan with MPOWER allows international students to release their friend or family who cosigned their loan or put up the collateral cosigner, helping them on their education journey, while also lowering their monthly payment (via a lower interest rate) and building a US-based credit history
Research containing MPOWER Financing
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned MPOWER Financing in 1 CB Insights research brief, most recently on Nov 5, 2020.
Expert Collections containing MPOWER Financing
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
MPOWER Financing is included in 3 Expert Collections, including Education Technology (Edtech).
Education Technology (Edtech)
These companies offer tech-enabled solutions that facilitate education and learning for people of all ages, from pre-K to adult and professional education.
This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Latest MPOWER Financing News
Sep 7, 2023
THe CEO and Co-Founder of MPOWER Financing, Manu Smadja, discusses the unique challenges underwriting international students and why their is so much demand for their loans.
MPOWER Financing Frequently Asked Questions (FAQ)
When was MPOWER Financing founded?
MPOWER Financing was founded in 2014.
Where is MPOWER Financing's headquarters?
MPOWER Financing's headquarters is located at 1101 Connecticut Avenue North West, Washington.
What is MPOWER Financing's latest funding round?
MPOWER Financing's latest funding round is Line of Credit.
How much did MPOWER Financing raise?
MPOWER Financing raised a total of $559.03M.
Who are the investors of MPOWER Financing?
Investors of MPOWER Financing include Goldman Sachs, Drakes Landing Associates, Pennington Partners & Co., Tilden Park, King Street Capital and 23 more.
Who are MPOWER Financing's competitors?
Competitors of MPOWER Financing include Prodigy Finance.
What products does MPOWER Financing offer?
MPOWER Financing's products include MPOWER Education Refinance Loan and 1 more.
Compare MPOWER Financing to Competitors
Tala provides digital financial services through the mobile application. The company's financial tools help users borrow, save, and grow money. It gathers discrete data points of customers to build a financial identity and deliver instant credit. It was formerly known as InVenture. The company was founded in 2011 and is based in Santa Monica, California.
Branch International offers a mobile application. It allows users to access credit in emerging markets. Its offerings include loans and micro-finances. It enables users to get loans. It was founded in 2015 and is based in San Francisco, California.
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Brighte is a point of sale credit and payments provider that seeks to help businesses provide customers with a fast and affordable way to pay. Brighte's end-to-end automated digital platform provides real-time credit assessment of a customer application.
Upgrade operates as an online lending platform. It combines personal loans with credit monitoring and helps users secure credit via mobile rewards. It was founded in 2017 and is based in San, Francisco, California.
Kissht is a financial technology platform that enables instant, seamless credit for consumers to make purchases at digital points of sale (online and offline). Its plug and play gateway APIs can be easily integrated into any merchant checkout page or retail POS for providing access to quick loan. Kissht was founded in 2015 and is based in Mumbai, India.