MPOWER Financing Launches $100M Debt Financing

8/14/17

According to Manu Smadja, MPOWER Financing CEO and co-founder: “We are seeing tremendous demand for our unique lending product which removes financial barriers to higher education for top international students. The company’s loan book has been growing at a rate of more than 30 perc ent on a month-over-month basis.”

MPOWER Financing also announced that Mike Davis, the company’s co-founder, has assumed the position of chief investment officer, replacing Alonso Garza, who will become a member of the company’s board of advisors and will serve as consultant for LATAM business and capital development out of Mexico City.

In taking over as chief investment officer, Davis brings a wealth of experience in financial services and private equity, having been the architect of MPOWER Financing’s successful equity raises and playing a key role in MPOWER Financing’s initial debt financing deal with GS2. He is intimately familiar with all aspects of MPOWER Financing’s business, and is working closely with Garza to ensure a seamless transition. Davis will be based in MPOWER Financing’s new capital markets office located at 25 Broadway in New York City’s financial district.

Since its founding in 2014, MPOWER Financing has raised USD34.5 million in debt and equity capital from investors including Zephyr, Village Capital, GS2, VARIV Capital, Fresco Capital, 1776, Ruppert International, University Ventures, Dreamit, Chilango Ventures, Panther Angels and Baltimore Angels.

It's on us. Share your news here.

Submit your stories and articles to citybizlist today.

Baltimore Business Spotlight

Feature Your Business Here

Connect with these Baltimore Professionals on LinkedIn

  • Edwin Warfield

    Editor in Chief, Warfield Digital

    Connect
  • Jean Halle

    Independent Consultant

    Connect
  • Larry Lichtenauer

    President of Lawrence Howard & Associates

    Connect
  • Newt Fowler

    Partner at Womble Carlyle, LLP

    Connect
  • David Crowley

    Owner at Develop DC

    Connect
  • Carolyn Stinson

    Stinson Marketing Group

    Connect