MPOWER Financing
Financing high-potential domestic & international students at US campuses
MPOWER lends to highly-employable domestic & international students at top US campuses who are left out of traditional banking options.
MPOWER builds on best practices set by LendingClub, SoFi, CommonBond, Earnest, Upstart, and others in the mainstream refinancing market, and applies these insights to an unaddressed segment of the population: high-potential international and domestic students at top Universities. This segment requires capabilities that are unique to MPOWER: a non-FICO based credit score, school partnerships, and international servicing.
Loans are 3 or 10-year, fixed-rate, and range between $2,000 and $25,000. MPOWER disburses payments directly to the university to cover tuition or university-sponsored housing, meal plans, or health insurance. The loan comes with free personal finance education courses, credit-building, and a job placement service for the students.
Founders
-
Founder
Ex-McKinsey consultant turned entrepreneur in the Fintech / Financial Inclusion space
-
Traction
-
CustomerThrough our partnership with MPOWER, Athletes USA is glad to offer additional financial resources to high-potential international athletes coming to top programs in the US.
-
-
Partner
-
Partner
Funding
-
SeedSep 15, 2014$200,000at a $4,500,000 valuation
Investors from previous rounds
-
Investor
Founder, ICD (acquired by Texas Instruments), @MIE Labs. Angel investor, member of @Baltimore Angels.
-
-
Investor
Worked for Stanley, Inc. (NYSE: SXE) as a Sr VP and Board Member from 1984-2009.
-
-
-
Incubators
-
Incubator
Global incubator & seed fund helping startups in industries that impact millions of lives.
-
Incubator
-
Incubator
Team
Employees
Advisors
-
Advisor
-
-
Advisor
Attorneys
-
-
Attorney
-