MPOWER Financing, a U.S.-based fintech platform for educational loans to international and DACA students, announced on Tuesday it secured $9 million through its latest investment round. Founded in 2014, MPOWER Financing uses cross-border digital lending platform, big data, and global infrastructure to finance the millions of high-promise international and DACA students in North America.
“We’re tackling this pervasive issue by working with investors and universities to provide an innovative and forward-looking education financing product for students from around the world. We’re not just a student lender – our goal is to set students up for academic, professional, and financial successes.”
MPOWER Financing further revealed that it works with over 350 top universities and colleges across the U.S. and Canada to provide financing to students from over 200 countries. Since launching, the platform has received more than $2 billion in loan application volume.
The funds from the investment round will be used to fuel MPOWER Financing’s continued growth and its expansion into new value-added products and services for immigrants in North America, including an international student loan refinancing solution.