US FinTech MPOWER Financing has raised $100m from a highly subscribed equity funding raise.
The raise saw participation from Tilden Park Capital Management, ETS Strategic Capital, King Street Capital Management, Pennington Alternative Income Management, Drakes Landing Associates.
Established in 2014, MPOWER is a FinTech platform that provides education to high-promise students around the world. The firm works with over 350 universities across the US and Canada and provides financing to students from over 200 countries.
The company’s platform uses a patented algorithm that analyses overseas credit data and domestic data alongisde earning potential in order to serve high-promise international students.
Loans with the firm are approved instantly and can be granted at competitive interest rates without needing a co-signer or collateral.
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