WASHINGTON, DC, MPOWER Financing has secured a $5 million investment from ETS Strategic Capital on behalf of ETS.
MPOWER Financing, an innovative fintech platform and the leading provider of educational loans to high-promise international and DACA students, announced that it has secured a $5 million investment from ETS Strategic Capital on behalf of ETS, the world's largest nonprofit educational assessment, research and measurement organization.
The investment is in addition to a recent $25 million round, led by Tilden Park Capital, to further automate MPOWER's digital loan platform and expand the company's impact to thousands of additional international & DACA students. ETS's investment in MPOWER was executed by ETS Strategic Capital, a new unit of ETS created to advance the organization's mission of expanding global reach in education through strategic investments, partnerships, and acquisitions.
MPOWER Financing, headquartered in Washington, D.C., and with offices worldwide, is a mission-driven fintech company and provider of global educational loans. It is the only student lender in the world that leverages both overseas and domestic credit data, as well as future earning potential, to serve high-promise international and DACA students. MPOWER Financing works with over 350 top universities and colleges across the U.S. and Canada to provide financing to students from over 200 countries. Since 2014, it has received over $2B in loan application volume on its platform. MPOWER Financing helps students build their credit histories and provides them with personal finance education and career support to help prepare for life after school. www.mpowerfinancing.com
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