Students are back in school and the MPOWER team is busier than ever. Below are a few highlights from this past summer.

Building blocks are in place

Operations and partnerships are in place for MPOWER to digitally originate and service loans. We’re now also able to collect in over 180 countries!

1st Loan made

Our first loan went out to Julie, a Florida student who’s less than 2 years away from obtaining her bachelors degree.

We’ve closed an initial seed round

A dozen investors participated in our seed round and are fueling MPOWER’s future success.

The team is growing

In the last 2 months, we’ve recruited an interim CFO, 2 credit analytics experts, and 6 Georgetown Law interns!

Over the next few months, we will automate the front-end of our lending platform, refine our proprietary credit model, continue to raise loan capital, and strengthen partnerships with universities.

As always, we welcome your guidance and support as we pursue our mission of removing financial barriers to higher-education. If you know of anyone specifically we should be speaking with – university leadership, debt-side investors, or students that need financing – let us know by replying to this newsletter!

Thank you,
Emmanuel Smadja
Chief Executive Officer
MPOWER Financing
Student Loans. Crowdfunded. Global Empowerment.

© MPOWER Financing, Public Benefit Corporation

DISCLAIMER - Subject to credit approval, loans are made by Bank of Lake Mills. Bank of Lake Mills does not have an ownership interest in MPOWER Financing. Neither MPOWER Financing nor Bank of Lake Mills is affiliated with the school you attended or are attending. Bank of Lake Mills is Member FDIC. None of the information contained in this website constitutes a recommendation, solicitation or offer by MPOWER Financing or its affiliates to buy or sell any securities or other financial instruments or other assets or provide any investment advice or service.