MPOWER Financing

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MPOWER Financing provides loans for domestic and international students at US colleges. MPOWER Financing is committed to removing financial barriers to higher education in the US. To accomplish this mission, MPOWER partners with universities and investors to lend to high-potential students who are left out by traditional banks. In addition to providing students with access to the financial resources necessary to attend and complete college, MPOWER builds students’ credit histories, provides them with personal finance education, and offers essential financial products to prepare them for life after college.

TypePrivate
Founded2014
HQWashington, US
Websitempowerfinancing.com
Employee Ratings3.7

Latest Updates

Employees (est.) (Sept 2020)72
Cybersecurity ratingBMore

Key People/Management at MPOWER Financing

Emmanuel Smadja

Emmanuel Smadja

CEO and Co-Founder, Chairman
Ken Ruggiero

Ken Ruggiero

Director
Nicole West

Nicole West

Director
Lana Lodge

Lana Lodge

SVP of Business Operations
Erika Norwood

Erika Norwood

Director
Mike Davis

Mike Davis

Co-Founder and Secretary of the Board
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MPOWER Financing Office Locations

MPOWER Financing has an office in Washington
Washington, US (HQ)
1875 Connecticut Ave NW
Washington, US
1101 Connecticut Ave NW #900
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MPOWER Financing Financials and Metrics

Summary Metrics

Founding Date

2014

MPOWER Financing total Funding

$29.5 m

MPOWER Financing latest funding size

$9 m

Time since last funding

3 months ago

MPOWER Financing investors

MPOWER Financing's latest funding round in June 2020 was reported to be $9 m. In total, MPOWER Financing has raised $29.5 m
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MPOWER Financing Operating Metrics

Jun, 2020

Countries (Customers)

200

Loan Book

$2 b

University Partners

350
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MPOWER Financing Cybersecurity Score

Cybersecurity ratingPremium dataset

B

84/100

SecurityScorecard logo

MPOWER Financing Online and Social Media Presence

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MPOWER Financing News and Updates

MPOWER Financing raises $9M to increase educational access for International and DACA students

Funds to support MPOWER's new Refinancing program and further scale work with international and DACA students at universities in North America WASHINGTON, June 9, 2020 /PRNewswire/ -- MPOWER Financing, an innovative fintech platform for educational loans to high-promise international and...

McKinsey alumnus and LendTech executive joins MPOWER Financing as India General Manager

BENGALURU, India, Sept. 3, 2019 /PRNewswire/ -- Ashwini Kumar, an executive with extensive experience in strategy, loan operations, and business development, has been appointed as General Manager and Head of India Operations for MPOWER Financing, the innovative fintech company focused on...

MPOWER Financing raises $100M from Goldman Sachs to reach $200M in total loan financing capital

WASHINGTON, Aug. 20, 2019 /PRNewswire/ -- MPOWER Financing, an innovative fintech company and provider of educational loans to high-promise international and DACA students, secured a $100 million loan facility from Goldman Sachs, which brings its total loan financing capital to $200...

[Funding alert] MPOWER Financing raises $100M from Goldman Sachs

Students loan provider MPOWER Financing has secured $100 million debt from Goldman Sachs, which brings its total loan financing capital to $200 million. The fintech firm will be using the funds to finance top international and DACA students at premier universities in the US and Canada.

MPOWER Financing Marks International Day of Women and Girls in Science

WASHINGTON, Feb. 11, 2019 /PRNewswire/ -- MPOWER Financing is excited to launch its Women in STEM (Science, Technology, Engineering, and Math) Scholarship Program today, and honor the United Nation's International Day of Women and Girls in Science. In keeping with MPOWER's commitment to...

Student loans provider MPOWER Financing raises $110 M funding

MPOWER Financing said it has completed its largest funding round of $110 million on Thursday. The funding round was led by Gray Matters Capital and Community Investment Management (CIM). Washington-b...
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MPOWER Financing Blogs

How are Universities Responding to the Coronavirus?

Universities and students across the world have scrambled to adjust to the complex circumstances brought on by the COVID-19 pandemic. During this stressful and unprecedented time, MPOWER wanted to highlight a few universities who... The post How are Universities Responding to the Coronavirus? appear…

International Student’s Guide to the US Healthcare System

The United States has a unique healthcare system that is unlike any other around the world. There is no nationalized or universal healthcare that many international students are used to back home. Instead, the United States relies on individuals to have their own private health insurance plan - othe…

COVID-19 Resources for Students

We hope you’re staying safe and healthy during this unprecedented health crisis. MPOWER remains passionate about connecting students to the resources you need during your journey. The post COVID-19 Resources for Students appeared first on MPOWER Financing.

MPOWER and Internationalstudent.com Central America Scholarship Winners Include Public Health Advocate and Sustainable Entrepreneur

MPOWER Financing and InternationalStudent.com are excited to announce the winners of their Central America Scholarship Program! This scholarship stems from a passion to support hard-working and talented students from Central America. Our friends at... The post MPOWER and Internationalstudent.com Cen…

List of Top 30 Universities in the USA in 2020

Introducing the Best U.S. Universities for International Students! As a student lender, we care greatly about the outcome of your education, after all — we want you to be in a financial position that... The post List of Top 30 Universities in the USA in 2020 appeared first on MPOWER Financing.

Feeling Sad? You May Have the Winter Blues…or Seasonal Affective Disorder

(This is a guest post from Yixi Dong, winner of an MPOWER Nursing Scholarship and a passionate advocate for mental health services for international students. Yixi is currently a nursing student at Shenandoah University, studying to be a psychiatric nurse practitioner. She has her own YouTube channe…
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MPOWER Financing Frequently Asked Questions

  • When was MPOWER Financing founded?

    MPOWER Financing was founded in 2014.

  • Who are MPOWER Financing key executives?

    MPOWER Financing's key executives are Emmanuel Smadja, Ken Ruggiero and Nicole West.

  • How many employees does MPOWER Financing have?

    MPOWER Financing has 72 employees.

  • Who are MPOWER Financing competitors?

    Competitors of MPOWER Financing include MentorWorks Education Capital, Talents Venture and Great Lakes.

  • Where is MPOWER Financing headquarters?

    MPOWER Financing headquarters is located at 1875 Connecticut Ave NW, Washington.

  • Where are MPOWER Financing offices?

    MPOWER Financing has an office in Washington.

  • How many offices does MPOWER Financing have?

    MPOWER Financing has 2 offices.