Press Releases
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8 June 2020MPOWER Financing raises $9M to increase educational access for International and DACA students
Funds to support MPOWER’s new Refinancing program and further scale work with international and DACA students at universities in North America WASHINGTON DC, June 8, 2020 — MPOWER Financing, an innovative fintech platform for…
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2 January 2020Women From Around the Globe Sound Off About Barriers for Women in STEM
For MPOWER Financing’s Women in STEM Scholarship Program, we asked applicants to write an essay answering the question “What are the biggest barriers facing women and girls pursuing education and careers in STEM in your country?” More than 180 women from over 50 countries responded, providing a fascinating (and sobering) look at the barriers faced by women in STEM around the globe and sharing vivid examples from their own life.
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22 October 2019MPOWER Financing adds consumer finance, education, and impact investing experts Nicole West and Erika Norwood to its board
The innovative and impact-minded fintech firm added industry experts in consumer finance & education, as well as impact investing and corporate strategy, to its Board.
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MPOWER Arts Scholarship Winners Include Trailblazing Pakistani Singer and Actress
Our winners include a trailblazing Pakistani woman singing a selection from a classic American musical, a Tunisian shepherd-turned-filmmaker, and an Indian photojournalist documenting Washington D.C.’s homeless community.
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24 September 2019MPOWER Financing Invests in Girls’ Education by Supporting Malala Fund
MPOWER is therefore thrilled to support Malala Fund, a pioneer in the movement to break down barriers to girls’ secondary education. For every loan closed and funded between now and December 31, 2019, MPOWER will donate $25 to Malala Fund. Under its agreement with MPOWER, Malala Fund will use these funds to support the work of its Gulmakai Network, which invests in local educators and advocates in regions where the most girls are out of school.
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23 September 2019MPOWER GLOBAL CITIZEN SCHOLARSHIP WINNERS ADDRESS ROHINGYA REFUGEE CRISIS, CLIMATE CHANGE
MPOWER Financing is proud to announce the scholarship winners for our Global Citizen program! For the cycle ending July 15th, 2019, our scholarship committee reviewed 788 eligible applications, from over 100 countries and over 230 universities, and across a multitude of disciplines. As always, our team was immensely impressed with the applicants’ qualifications, perseverance, and potential to be changemakers.
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WOMEN IN STEM SCHOLARSHIP WINNERS INCLUDE FULBRIGHT SCHOLAR AND ENTREPRENEUR
MPOWER Financing launched our Women in STEM Scholarship Program back in February, and we were overwhelmed by the quality of applicants for our first round! That’s why we expanded our next round, which closed July 15th, to award three scholarships.
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16 September 2019New Study Shows Value of Investing in Immigrants
An Impact-Investing Success Story: Goldman Sachs-Backed Fintech Fuels Double Bottom Line by Investing in International Students. No-Cosigner Loans Drive Campus Diversity and Gender Equity.
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30 August 2019McKinsey alumnus and LendTech executive joins MPOWER Financing as India General Manager
BENGALURU, INDIA, August 30, 2019 – Ashwini Kumar, an executive with extensive experience in strategy, loan operations, and business development, has been appointed as General Manager and Head of India Operations for MPOWER Financing, the innovative fintech company focused on removing financial barriers to higher education for international students in the U.S. and Canada.
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19 August 2019MPOWER Financing raises $100M from Goldman Sachs to reach $200M in total loan financing capital
The innovative fintech firm is using the new funds to finance top international and DACA students at premier universities in the U.S. and Canada.
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18 July 2019Los ganadores de los premios LULF-MPOWER son de Colombia, México, y Perú, y incluyen estudiantes protegidos por DACA
MPOWER Financing y La Unidad Latina Foundation (LULF) se complacen en anunciar a los ganadores de sus becas financiadas y administradas conjuntamente para estudiantes de América Latina y estudiantes protegidos por Acción Diferida para…
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16 July 2019Winners of Joint LULF-MPOWER Awards Include DACA Students and Scholars from Colombia, Mexico, and Peru
MPOWER Financing and La Unidad Latina Foundation (LULF) are excited to announce the winners of their scholarships for Latin American and Deferred Action for Childhood Arrivals (DACA) students. Born out of a shared passion…
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15 July 2019MPOWER Financing rated the top international student lender by Nerdwallet and U.S. News
The innovative fintech firm uses big data analytics and artificial intelligence to offer scholarships and no-cosigner loans for international students in the U.S. and Canada. WASHINGTON, D.C., July 16, 2019 — MPOWER Financing, a…
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20 June 2019MPOWER Financing’s Nursing Scholarship Winners Include Midwife and Aspiring Psychiatric Nurse Practitioner
In March, MPOWER Financing celebrated its expansion to support 25 of the top nursing schools in the U.S. by launching the MPOWER Nursing Scholarship Program. We’re very excited to announce our winners!
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19 June 2019MPOWER Women in STEM Scholarship Winners Are a Pioneer in Fighting Ebola and the Only Female Recipient of India’s Top Civilian Honor for Children
On the UN International Day of Women and Girls in Science, MPOWER Financing launched our new Women in STEM Scholarship Program. We designed this scholarship program to focus on women who will use their STEM degree to benefit society and the planet and who have the potential to serve as role models and advocates for women in STEM.
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11 February 2019MPOWER Financing Marks International Day of Women and Girls in Science
MPOWER Financing is excited to launch its Women in STEM (Science, Technology, Engineering, and Math) Scholarship Program today, and honor the United Nation’s International Day of Women and Girls in Science.
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15 January 2019MPOWER And LULF Launch Scholarships For DACA And Latin American Students
Social impact firms team up to tackle higher education costs in two underserved communities.
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MPOWER y LULF lanzan becas para estudiantes protegidos por DACA y estudiantes latinoamericanos
Organizaciones de impacto social se juntan para poder abordar los altos costos de la educación superior en 2 comunidades desatendidas.
- 12 December 2018
MPOWER Financing Expands Geographic Coverage to Canada
MPOWER Financing is now expanding its merit-based loans to high-promise international students in Canada.
- 27 November 2018
MPOWER Financing Raises $110M To Finance International and DACA Students at Major U.S. Universities
Fundraise to fuel MPOWER’s 3X YoY growth and $1B in loan requests to date WASHINGTON and NEW YORK, Nov. 27, 2018 — MPOWER Financing, an innovative fintech company and provider of educational loans…
- 19 November 2018
MPOWER Financing Hires Maureen Klovers as First Director of Social Impact
Maureen Klovers, an executive with over a decade of experience in government, financial services, higher ed and social impact, has been appointed to the new post of director of social impact for MPOWER Financing.
- 11 October 2018
MPOWER Financing Launches New Initiatives to Support International Students at its Inaugural Social Impact Investing Conference in NYC
MPOWER Financing has introduced three new programs to help students finance their education and succeed in their post-graduation job pursuits. These programs – a Global Citizen Scholarship program, career support and peer-to-peer mentoring – provide students with comprehensive educational and professional support.
- 25 September 2018
MPOWER Financing Names Financial Services Executive Kin Chung to Lead Credit Innovation Team and Further Develop Global Credit Scoring
Kin Chung, a financial services executive with over 20 years of experience in risk management and credit analytics at leading firms in the credit card, mortgage and commercial insurance industries, has been appointed vice president of credit innovation for MPOWER Financing.
- 6 August 2018
MPOWER Financing Advises Incoming International Students to “Get their Finances in Order” as a First Step for Survival in the United States
MPOWER Financing’s summer interns, who are current international students from around the globe, including India, China, Ghana and Singapore, drew from their personal experiences and collaborated to create the following 10-item checklist for financial and academic success.
- 16 July 2018
MPOWER Financing Taps Experienced Financial Technology and Systems Design Professional to Head its Global Engineering Team
Parimala Pakalapati assumes new position at rapidly expanding fintech company and student loan provider WASHINGTON, D.C., July 16, 2018 – Parimala Pakalapati, a financial technology executive with more than a decade of fintech and…
- 11 July 2018
Advanced Use of Big Data and Mobile Technology Bring Same-Day Approvals for International Student Loans
MPOWER Financing introduces streamlined student loan application process WASHINGTON, D.C., July 11, 2018 – MPOWER Financing (www.mpowerfinancing.com), an innovative fintech company and provider of educational loans to high-promise international students, has streamlined its online…
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19 January 2018MPOWER Financing Hires Lutz Braum, Fintech and Higher Ed Marketing Veteran
WASHINGTON, Jan. 8, 2018 /PRNewswire/ — MPOWER Financing, a public benefit corporation focused on removing financial barriers to higher education in the U.S., has appointed Lutz Braum as its vice president of marketing and…
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3 November 2017MPOWER Financing Locks in Nelnet as New Student Loan Servicing Partner
Nelnet to Provide World-Class Servicing Platform and Customer Service to Support MPOWER Financing’s Exponential Loan Growth WASHINGTON, Oct. 23, 2017 /PRNewswire/ — MPOWER Financing (www.mpowerfinancing.com), an innovative fintech company and provider of educational loans…
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16 August 2017MPOWER Financing Launches $100 Million Debt Funding Round
Co-Founder Mike Davis Takes on Chief Investment Officer Role WASHINGTON, D.C. and NEW YORK, August 14, 2017 – MPOWER Financing (www.mpowerfinancing.com), an innovative fintech company and provider of educational loans to high-potential, international students,…
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25 July 2017MPOWER Financing Extends Student Loan Program to All 50 States Through Partnership with Bank of Lake Mills
Public Benefit Corporation Joins with Wisconsin-based Bank that Has Funded More Than $1 Billion in Educational Loans Expands University Partner Roster to 223 WASHINGTON, D.C., July 24, 2017—MPOWER Financing, an innovative fintech company and…
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28 June 2017Rohan Tibrawalla Takes On Country Director-India Role for MPOWER Financing
Will Oversee Operations in the Region, including Business Development and Capital Sourcing WASHINGTON, D.C., June 22, 2017 — MPOWER Financing (www.mpowerfinancing.com) an innovative FinTech company and provider of educational loans to high-potential, international students,…
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12 June 2017MPOWER Financing Partners with Nova Credit to Assist International Students Seeking to Complete Their Education in the U.S.
Pact with Cross-Border Consumer Reporting Agency Makes MPOWER Financing the First Student Loan Company to Analyze both U.S. and Home Country Credit Reports WASHINGTON, D.C., June 12, 2017 — A new partnership between MPOWER…
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31 May 2017MPOWER Financing Announces Carmen Kienow as Director of University Relations for the Western Half of the U.S.
Higher Education Veteran Brings Deep Experience in University Administration and Student Support Sides of the Market WASHINGTON, D.C., May 31, 2017— MPOWER Financing, a public benefit corporation whose mission is to remove the…
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22 March 2017Leading Latin American Venture Capital Firms Invest in MPOWER Financing
VARIV Capital and Chilango Ventures Partner with Innovative Student Loan Provider to Expand Higher Education Opportunities for Latin American Students WASHINGTON, D.C., March 22, 2017 – VARIV Capital, one of Latin America’s leading venture…
- 3 November 2016
MPOWER Reaches $100M Milestone, Celebrates by Awarding Zero-Interest Loan
November 3, 2016 ― Washington, DC ― MPOWER Financing today announced that it has exceeded $100 million in loan application volume, offering thousands of high-potential students a way to access and complete their undergraduate…
- 27 October 2016
MPOWER Secures $6M Series A Funding from Institutional Investors
MPOWER Financing today announced that it has secured $6M in its Series A equity round, led by Zephyr Peacock India Fund III and followed by several other institutional backers, including initial investors 1776 Ventures,…
- 11 October 2016
MPOWER Strikes Partnership with NerdWallet to Help Student Borrowers Make Better Financial Decisions
MPOWER Financing announced today a partnership with personal finance resource NerdWallet, granting its borrowers access to licensed content from NerdWallet Wire. October 06, 2016 ― Washington, DC ― The MPOWER Financing announced today a…
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MPOWER Adds Former Goldman Sachs Executive Alonso Garza as Chief Investment Officer
The MPOWER Financing team continues to grow with the hiring of Alonso Garza as the new Chief Investment Officer. This executive hire adds to MPOWER’s leadership team, signaling an emphasis on both short- and…
- 5 August 2016
MPOWER Partners with FUTR to Support Domestic and International Student Loans
August 5, 2016 ― Washington, DC ― MPOWER Financing today announced that it is partnering with FUTR Corporation to provide superior loan servicing and support to MPOWER borrowers. FUTR’s loan service platform provides borrowers…
- 21 July 2016
MPOWER Brings on SoFi and Student-Lending Veteran Renee Suryan as Director of University Relations
MPOWER Financing is pleased to formally announce the addition of Renee Suryan to its team. With more than 20 years of experience in student lending, including 10 years as a financial aid administrator, she…
- 6 May 2016
MPOWER Supports New Rule Allowing International STEM Students to Apply for Longer Optional Practical Training (OPT) Extension Period
MPOWER Financing announced its support of a new rule that allows international STEM (science, technology, engineering, and math) students to apply for a longer period to work in the U.S. after graduation. The Optional…
- 19 April 2016
MPOWER and Flywire Partner to Simplify International Student Loan Payments
MPOWER, a public benefit corporation and start-up lender, and Flywire, a leading provider of cross-border payment solutions, announced today at the 2016 Arizona State University (ASU) GSV Summit that they are partnering to bring…
- 18 February 2016
MPOWER Partners with USA Funds: MPOWER Loan Recipients to Receive Complimentary Access to Financial Literacy and Student Success Program
MPOWER Financing today announced a partnership with USA Funds® to offer an award-winning online financial literacy and student success program to student loan recipients. February 18, 2016 ― Washington, DC ― MPOWER Financing today…
- 16 February 2016
MPOWER Extends Borrower Services to Students Through WiseBanyan Partnership
February 16, 2016 ― Washington, DC ― MPOWER Financing today announced a strategic partnership with online financial advisor WiseBanyan, offering WiseBanyan accounts to all of its qualified student borrowers. WiseBanyan is recognized as the…
- 11 February 2016
MPOWER Financing Offers Simple, Transparent Process for Alternative Lending
MPOWER Financing announced today that its innovative private student loan program for underserved domestic and international students is powered by Cology, LLC, a leading technology provider for the loan community. February 11, 2016 ―…
- 18 January 2016
New MPOWER VP of Financial Operations to Lead Process and Product Development
January 18, 2017 ― Washington, DC ― MPOWER today announced further growth in its leadership team with the addition of industry veteran Shasha Geng as Vice President of Financial Operations. In this role, Shasha…
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9 November 2015MPOWER Financing shares its big dreams for shaking up educational lending
Originally found at: https://technical.ly/dc/2015/11/09/mpower-financing-shares-big-dreams/ The young company wants to help more students make it through college by offering loans for high-potential students left out of traditional financing. As CEO and cofounder, Emmanuel Smadja’s goal…
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24 April 2015Athletes USA is happy to announce our new partnership with MPOWER Financing.
Originally found at: https://athletes-usa.com/blog/student-athlete-loans/ MPOWER works with investors and universities to lend to high-potential students who are left out by traditional banks. In addition to providing students with access to the financial resources necessary…