MPOWER Financing, an innovative fintech platform and the leading provider of education loans to high-promise students around the world, today announced that it has raised an equity investment of $100 million. The raise underscores investors' confidence in MPOWER's position as the leading financial platform for students aspiring to study in the U.S. and Canada.

The funding is in addition to the $30 million MPOWER Financing raised earlier this year from Tilden Park Capital Management, which also participated in the current round, and ETS Strategic Capital on behalf of ETS, the world's largest non-profit educational assessment, research and measurement organization. Other investors in the current round include King Street Capital Management, Drakes Landing Associates, and Pennington Alternative Income Management.

MPOWER Financing, headquartered in Washington, D.C. and with offices worldwide, is a mission-driven fintech company and the leading provider of global education loans that do not require a cosigner. It is the only student lender worldwide that uses a proprietary algorithm to analyze overseas and domestic credit data and future earning potential to serve high-promise international and DACA students. MPOWER works with over 350 top universities across the U.S. and Canada to provide financing to students from 200+ countries. The MPOWER team, which consists heavily of former international students, helps build students' credit histories and provides them with personal financial education and career support to prepare for life after school. MPOWER was named one of the best places to work, one of the best tech workplaces for diversity, and one of American Banker's top fintech firms to work for four years in a row.