Tech Company Financing Transactions
MPOWER Financing Funding Round
1776, 1994 and Ai8 Ventures joined a $9 million capital raise for MPOWER Financing. The funding round was announced on 6/10/2020.
Transaction Overview
Company Name
Announced On
6/10/2020
Transaction Type
Venture Equity
Amount
$9,000,000
Round
Undisclosed
Investors
1776 (Evan Burfield)
Zephyr Peacock India Fund (Abhijeet Kudva)
Proceeds Purpose
The company intends to use the funds to accelerate 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.
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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Next: 6/10/2020: NFlection Therapeutics venture capital transaction
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