Education loan platform MPOWER raises $100 million from Tilden Park
July 20, 2021 @ 10:25 pm By Priyanka Pani
MPOWER Financing, a global education loan provider, has raised an equity investment of US$100 million. The new funding is in addition to the US$30 million MPOWER raised earlier this year from Tilden Park Capital Management that also participated in the current round along with ETS Strategic Capital. Other investors were King Street Capital Management, Drakes Landing Associates, and Pennington Alternative Income Management.
Founded in 2014 by Emmanuel (Manu) Smadja, MPOWER Financing aims to democratize education by reducing financial barriers for students wanting to go for higher studies worldwide. MPOWER provides instant loans at competitive interest rates without requiring a cosigner or collateral. It also provides students with academic, financial, and career guidance.
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