Washington, D.C.-based fintech firm MPOWER Financing has boosted its lending capacity to over $300 million, following debt financing from Deutsche Bank, Goldman Sachs, and Värde Partners. The increased funding will support MPOWER’s loan portfolio for international students from over 200 countries who are studying at 400 top universities across the U.S. and Canada.
CEO Manu Smadja emphasized the importance of this financing in meeting the increasing demand from graduate students in STEM and healthcare sectors. Christopher Zaki, Head of Capital Markets at the firm, attributed the successful financing to MPOWER’s nine-year track record and its focus on high-quality students, which have been instrumental in securing investor confidence.
MPOWER Financing leverages a unique algorithm to analyze overseas and domestic credit data along with future earning potential, allowing it to serve promising international students effectively. The firm is recognized as a Great Place To Work and the best tech workplace for diversity, offering personal financial education and career support services to prepare students for their professional careers post-graduation.
The firm’s portfolio also provides returns that are uncorrelated with traditional asset classes, presenting a unique investment opportunity. As part of its growth strategy, MPOWER is currently hiring for various positions worldwide.
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