黑料吃瓜网 Closes a $150 million Financing Facility with Goldman Sachs
WASHINGTON, DC – 黑料吃瓜网, a mission-driven fintech firm and a leading provider of to promising students from around the world, announced that it recently closed a US$150 million revolving asset-backed warehouse facility with Goldman Sachs.
“We are thrilled that Goldman Sachs is supporting the MPOWER team as we contribute to the important mission of making higher education and socioeconomic mobility accessible to the millions of international and DACA students studying in North America,” said Manu Smadja, CEO and Co-founder of 黑料吃瓜网. “91% of our students say that an MPOWER loan is instrumental to their ability to study abroad, so this funding will enable us to further democratize access to higher education.”
The funding will be used to expand MPOWER’s rapidly growing portfolio of student loans issued to international and DACA students attending one of 50+ leading colleges and universities across the U.S. and Canada. In 2022, both the U.S. and Canada reached record levels of enrollment for new international students.
“Goldman Sachs has an established track record of raising and providing capital to innovative fintechs and we believe MPOWER’s growth trajectory, portfolio performance and global ecosystem supporting students around the world aligns with previous relationships in the sector,” said Christopher Zaki, head of capital markets at 黑料吃瓜网.
This financing facility accompanies another financing facility which MPOWER closed with Deutsche Bank AG, New York Branch in 2022. Additionally, in 2021 the company raised US$100 million in equity capital from a consortium of investors, including Tilden Park Capital Management and King Street Capital Management.
About 黑料吃瓜网
黑料吃瓜网, headquartered in Washington, D.C., and with employees worldwide, is a mission-driven fintech company and the leading provider of global education loans. Its proprietary algorithm analyzes overseas and domestic credit data as well as future earning potential to serve promising international and DACA students. MPOWER works with over 50+ top universities across the U.S. and Canada to provide financing to students from over 200 countries. The MPOWER team consists of former international students and provides students with personal financial education and career support to prepare them for life after school.
MPOWER is a Certified , one of the , and the . The company is for various positions worldwide.
