Washington, DC, May 9, 2023 - MPOWER Financing, a leading fintech company that specializes in providing loans to international and DACA students in North America, announced today that it has raised $150 million in funding. The investment was led by Goldman Sachs, a global investment banking, securities, and investment management firm.

MPOWER Financing was founded by Emmanuel Smadja, who recognized the need for an innovative approach to financing education for international and DACA students. The company provides loans that are tailored to the needs of these students, who often face significant financial barriers to pursuing higher education in North America.

Through its cross-border digital lending platform, big data, and global infrastructure, MPOWER Financing has helped finance the education of thousands of students. The company's commitment to making education borderless has been recognized by American Banker, which named it as a top fintech to work for in 2018, 2019, and 2020. Additionally, MPOWER Financing's product has been rated as the top in its class by Nerdwallet and U.S. News.

This new funding will enable MPOWER Financing to expand its reach and provide more students with access to affordable education financing. The company plans to use the funds to develop new products, enhance its technology platform, and expand its team.

"We are thrilled to have Goldman Sachs as our lead investor," said Emmanuel Smadja, CEO and founder of MPOWER Financing. "Their support will enable us to accelerate our mission of making education accessible to students around the world. With this funding, we can continue to innovate and expand our reach, empowering more students to achieve their dreams of pursuing higher education in North America."