Participated · Equity · Jul 2021

MPOWER Financing specializes in originating fixed-rate student loans for international graduate students, with a focus on STEM, business and health programs at leading U.S. and Canadian institutions. Its proprietary underwriting algorithm blends overseas and domestic credit data with projected future earnings to assess creditworthiness. The company partners with more than 500 universities and has served students from over 200 countries, 93 percent of whom say the financing was essential to completing their degrees. To scale its rapidly growing loan book, MPOWER has embraced the capital markets, securitizing more than $600 million of assets to date. Management plans to run a series of programmatic private financings alongside its existing public ABS program to diversify funding sources and widen investor access. Headquartered in Washington, D.C. and employing staff worldwide, the mission-driven lender aims to increase socioeconomic mobility while helping universities recruit diverse talent.