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MPOWER Financing
Financing for international and DACA students
- 201-500 employees
- B2C
- Education
- Lending
- Financial Services
- Connecticut Ave/ K Street, Washington, DC
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Company mission
To remove the financial obstacles students often face when pursuing and international education.
47% employee growth in 12 months
Our take
MPOWER Financing is a provider of global education loans, offering financing and scholarships to prospective students who often have difficulty accessing financial support. With its proprietary algorithm, MPOWER evaluates both international and domestic credit data, as well as future earning potential, to provide responsible financing to promising international and DACA students.
In collaboration with over 400 universities spanning the US and Canada, MPOWER has created a platform that has enabled more than 5,000 students to study abroad by providing them with a wide range of financing options. By fostering educational inclusivity on a global scale, MPOWER plays a pivotal role in breaking down barriers and ensuring students from all backgrounds can access quality education.
Already, the company has witnessed remarkable success, with record levels of enrollment for new international students in 2022. More recently, MPOWER closed a funding round led by Goldman Sachs, which it will use to further bolster its ability to provide loans to students attending its network of universities. This infusion of capital will fuel MPOWER's growth and enable the company to meet the increasing demand for its services.
Steph
Company Specialist at Welcome to the Jungle
Benefits
- Generous PTO (3 weeks vacation, 3 unrestricted floating holidays, and sick time)
- Maternity and paternity leave packages
- Work from home options
- Professional Development Programs (Every team member gets an allowance of $1,000/year towards courses, conferences, or other means of self-improvement. We also offer a free LinkedIn Learning account and plenty of in-house mentoring, team development, and knowledge sharing)
Company values
- We're compassionate and data-driven: Our focus on data and impact is even more powerful because it centers on the people at the heart of our work
- We're committed to excellence and inclusion: Our ability to provide excellent support to students around the world stems from the diverse perspectives and backgrounds of our team
- We're bold, with unwavering integrity: Our authentic passion for this work drives us to show up with empathy and think big
Funding (last 2 of 10 rounds)
Jul 2021
$100m
LATE VC
Mar 2021
$5m
LATE VC
Total funding: $169.7m
This company has top investors
Leadership
Emmanuel Smadja
(CEO)Graduated from INSEAD with an MBA in Strategy and Marketing. Previously worked at McKinsey & Company in a number of roles, including Global Financial Inclusion Fellow and Engagement Manager. Also experienced in a number of Analyst roles at VistaPrint, Capital One Financial Corp, and Celanese.