MPOWER Financing has successfully closed a debt financing round, catapulting its total lending capacity to over $300m, as they look to support the education of international students.
With the increased financing capabilities, the company aims to empower even more graduate students who aspire to study in North America.
This is increasingly important as the U.S. and Canada face a growing demand for tech talent, future business leaders, and healthcare professionals. The company’s ability to execute growth and maintain credit quality in this dynamic market is a testament to its commitment to facilitating educational opportunities.
Manu Smadja, Chief Executive Officer of MPOWER Financing, said, “We’re delighted to be working with best-in-class investment firms who share our vision of empowering the best & brightest from around the world. This financing is critical for us as our growth continues to be exponential. More graduate students than ever before want to come study in North America, particularly in STEM and business fields. Meanwhile, the U.S. and Canada are in dire need of tech talent, business leaders, and healthcare workers. Our growing financing capabilities are a reflection of these macro trends and our ability to execute in both growth and credit quality in this market.”
Christopher Zaki, Head of Capital Markets at MPOWER Financing, said, “These investors were impressed by our nine-year track record, steady credit quality through Covid and varying rate environments, and ultimately by the quality of students we lend to: graduate students, primarily in STEM at top universities, who leave everything behind in their home countries to invest in their futures. The portfolio also provides for natural diversification, as MPOWER supports students from around the world, and offers returns that are uncorrelated with traditional asset classes.”
Headquartered in Washington D.C., MPOWER Financing is a mission driven FinTech and a leading provider of education loans globally. The firm prides itself on its work with over 400 top universities across across the USA and Canada, and even provides financing to students from over 200 countries worldwide.
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