MPOWER Financing provides educational loans to high-promise students from India and other countries
Other Indian companies in the sector include Eduvanz and Leap Finance
Fintech venture and global provider of education loans MPOWER Financing today announced that it has raised an equity investment of $100 Mn.
The new funding is in addition to the $30 Mn MPOWER raised earlier this year from Tilden Park Capital Management, which also participated in the current round, and ETS Strategic Capital on behalf of ETS. Other investors in the current round include King Street Capital Management, Drakes Landing Associates, and Pennington Alternative Income Management.
The funding will be deployed to facilitate loan offerings for the increased number of students wishing to study in North America.
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Karnataka
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