MPOWER Financing Increases Lending Capacity to Over $300M

Washington, D.C.-based fintech company MPOWER Financing has increased its lending capacity to over $300 million, following successful debt financing from multiple financial institutions, including Deutsche Bank, Goldman Sachs, and Värde Partners. This additional funding will enhance MPOWER’s loan offerings for international students hailing from more than 200 countries and enrolled at 400 prestigious universities across the U.S. and Canada.

CEO Manu Smadja highlighted the significance of this financing in addressing the rising demand from graduate students, particularly in STEM fields and healthcare. Christopher Zaki, Head of Capital Markets at MPOWER, credited the successful financing to the firm’s nine-year history and its commitment to supporting high-quality students, which has been crucial in building investor trust.

MPOWER Financing employs a distinctive algorithm to evaluate both overseas and domestic credit data, as well as future earning potential, thereby facilitating effective service to promising international students. The firm has gained recognition as a Great Place to Work and has been noted as a leading tech workplace for diversity, providing personal financial education and career support to equip students for their post-graduation endeavors.

In addition, the firm’s investment portfolio offers returns that are not directly correlated with traditional asset classes, creating a unique investment opportunity. As part of its expansion plans, MPOWER is actively seeking candidates for various roles worldwide.