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India: Student loan provider MPOWER raises $25m from Tilden Park
Photo: Pixabay
January 27, 2021
Bengaluru and Washington DC-based MPOWER Financing, which provides educational loans to international and DACA students, has raised $25 million in funding from Tilden Park Capital Management, a New York-based investment management firm.
The funds come in addition to the $9 million MPOWER raised last year from a clutch of investors including Breega, Potencia Ventures, AI8, Cometa, Zephyr-Peacock, 1776, Fresco Capital, 1994 LLC, and Goal Structured Solutions.
The funding proceeds will be invested in further automating MPOWER’s digital loan platform, which leverages proprietary underwriting technology to provide a loan decision to students within minutes, per a company statement.