Tech Company Financing Transactions
MPOWER Financing Funding Round
MPOWER Financing, operating out of Washington, secured $6 million from Zephyr Peacock India Fund, 1776 and DreamIt Ventures Austin.
Transaction Overview
Company Name
Announced On
10/31/2016
Transaction Type
Venture Equity
Amount
$6,000,000
Round
Series A
Investors
Zephyr Peacock India Fund (Lead Investor) (Abhijeet Kudva)
1776 (Evan Burfield)
Proceeds Purpose
This latest funding allows MPOWER to create solutions for a greater number of students, offering more loan approvals to qualified candidates. MPOWER plans to use the capital to enhance its technology platform and expand its outreach efforts in emerging markets.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
1875 Connecticut Ave. NW 10th Floor
Washington, DC 20009
USA
Washington, DC 20009
USA
Phone
Website
Email Address
Overview
MPOWER's mission is to remove financial barriers to higher education in the U.S. To accomplish this mission, MPOWER works with investors and universities to lend to high-potential students who are left out by traditional banks.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Emmanuel Smadja
Co-Founder
Michael Davis
General Manager
Ashwini Kumar
Vice President
Kin Chung
VP - Engineering
Parimala Pakalapati
VP - Finance
Robert Alexander
VP - General Counsel
Terence Chu
VP - Operations
Lana Bronipolsky
VP - Operations
Lana Lodge
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