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MPOWER Financing

Washington, US · Founded 2014 · 294 employees on LinkedIn · 18 known investors

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MPOWER Financing provides loans and financial support to international students pursuing education in the United States and Canada, using a credit model based on future potential rather than credit history. The company offers student loans, scholarships, immigration support, and career services to help international students overcome financial barriers to education.

EdTechFintechImpact & Social Good

Founders & leadership

MPOWER Financing was founded in 2014 by Manu Smadja and Mike Davis.

MSManu Smadja
Manu SmadjaManu Smadja has 20 years of experience in fintech and consumer finance, including prior roles at McKinsey's Financial Services practice and Capital One's Healthcare Financing division. As founder and CEO of MPOWER Financing, he built the international student lending platform to $50M+ in annual revenue and $1B in financed loans.
MD
Mike DavisMike Davis has built and exited multiple technology companies and works as an investor and investment banker. He is founder of MPOWER Financing, which provides loans and financial support to international students in the United States and Canada.

Investors · 18

Dreamit Ventureslisted by Dreamit VenturesEstero · $500K – $1.5M

How we know: Dreamit Ventures's portfolio page · prnewswire.com · Not right? Tell us

ETS Strategic Capitallisted by ETS Strategic CapitalPrinceton

How we know: ETS Strategic Capital's portfolio page · Not right? Tell us

Fresco Capitallisted by Fresco CapitalSingapore
K Street Capitallisted by K Street CapitalWashington

How we know: prnewswire.com · Not right? Tell us

VARIVlisted by VARIVMexico City

How we know: VARIV's portfolio page · funding news · prnewswire.com · Not right? Tell us

BreegareportedLondon · $540K – $16.2M

How we know: prnewswire.com · Not right? Tell us

Community Investment ManagementreportedSan Francisco · $25M – $150M

How we know: funding news · press coverage · Not right? Tell us

Goldman SachsreportedNew York

How we know: funding news · prnewswire.com · Not right? Tell us

Gray Matters CapitalreportedAtlanta

How we know: prnewswire.com · Not right? Tell us

Potentia CapitalreportedSydney

How we know: prnewswire.com · Not right? Tell us

Village CapitalreportedWashington · $50K – $400K

How we know: funding news · prnewswire.com · Not right? Tell us

Also in the syndicate · 6

ChilangoCommon Sense FundFrescoGoal Structured SolutionsLloyd Crescendo AdvisorsZephyr Management

Founder mafia

2 people who came through MPOWER Financing went on to found or lead other companies.

Mike MassaroBoard MemberFounded FLYWIREMeet SemlaniLead - Business Operations and Customer SuccessFounded Tartan

Related companies · 3

SoFiSoFi Technologies is a digital personal-finance company offering student and personal loans, mortgages, investing, banking and credit cards through one app; it went public on the Nasdaq in 2021 via SPAC.
Prodigy FinanceProdigy Finance provides low-interest loans to international students pursuing master's degrees at institutions worldwide. The company serves high-potential students from over 150 countries who face barriers accessing traditional education financing.
CredibleCredible operates an online marketplace where consumers compare prequalified rates for personal loans, student loan refinancing, private student loans, mortgages, mortgage refinancing, and insurance from multiple lenders and providers side-by-side without affecting their credit score. It is not a lender but partners with financial service providers, and also offers free tools such as a debt tracker and credit score monitoring.

Companies working in the same space as MPOWER Financing.

In the news

Fintech Platform MPOWER Financing Raises $100 Million in Equity to Support Students Worldwideprnewswire.com · Jul 2021MPOWER Financing raises $100M from Goldman Sachs to reach $200M in total loan financing capitalprnewswire.com · Aug 2019MPOWER Financing Raises $110M To Finance International and DACA Students at Major U.S. Universitiesprnewswire.com · Nov 2018

Frequently asked questions

What does MPOWER Financing do?
MPOWER Financing provides loans and financial support to international students pursuing education in the United States and Canada, using a credit model based on future potential rather than credit history. The company offers student loans, scholarships, immigration support, and career services to help international students overcome financial barriers to education.
Who founded MPOWER Financing?
MPOWER Financing was founded by Manu Smadja, Mike Davis in 2014.
Who are MPOWER Financing's investors?
MPOWER Financing's investors include Builders + Backers, Dreamit Ventures, ETS Strategic Capital, Fresco Capital, K Street Capital, VARIV, Breega, Community Investment Management and 4 more.
Where is MPOWER Financing headquartered?
MPOWER Financing is headquartered in Washington, US.