[Portfolio News] MPOWER Financing raises $9M to increase educational access for international and DACA students
Zephyr Peacock invests in small and medium sized enterprises operating across financial services, food and agriculture, and infrastructure ancillaries sectors. The Fund identified education finance as a high growth sector and invested in MPOWER Financing, a provider of education loans to international students pursuing higher education in North America. MPOWER has raised US$ 9 million from a consortium of investors including Zephyr Peacock, Breega, Potencia Ventures, AI8, Cometa, 1776, Fresco Capital, 1994 LLC, and Goal Structured Solutions.
Click here to read the full article on ‘PR Newswire’
Below is an excerpt from the post that first appeared on PR Newswire on 9 June 2020:
MPOWER Financing, an innovative fintech platform for educational loans to high-promise international and DACA students, recently raised $9M from a consortium of investors including Breega, Potencia Ventures, AI8, Cometa, Zephyr-Peacock, 1776, Fresco Capital, 1994 LLC, and Goal Structured Solutions.
“I am inspired by MPOWER’s mission and its commitment to economic mobility,” said Joe Sanberg, one of the United States’ leaders in the movement to end poverty, co-founder of Aspiration Bank, and investor in MPOWER.
“The pandemic has shown that education is a rapidly changing industry and more important than ever. MPOWER has what it takes to thrive in this new environment,” added Meng Xiong Kuok, Managing Partner of K3 Ventures.
The funds will fuel MPOWER’s continued growth and its expansion into new value-added products and services for high-skilled immigrants in North America, including an international student loan refinancing solution.
