MPOWER Financing
MPOWER Financing is a mission-driven fintech company based in Washington, D.C., founded in 2014 by Manu Smadja and Mike Davis. The company specializes in providing no-cosigner, no-collateral fixed-rate student loans to international students, DACA students, refugees, and asylees pursuing higher education in the U.S. and Canada. MPOWER focuses on removing financial barriers by offering loans based on a student’s future potential rather than their past credit history. MPOWER offers loans ranging from $2,001 to $100,000, with flexible repayment options, including a 6-month interest-only period after graduation. In addition to loans, the company provides scholarships for international students, career support services, and immigration guidance. MPOWER serves a diverse customer base from over 190 countries, with a significant portion being first-generation college students. The company has demonstrated strong financial growth, completing a $215.2 million securitization of international student loans in 2024, enabling it to support over $500 million in loans.
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Headcount trend
MPOWER Financing went from 236 employees in Jul 2023 to 254 in Jun 2025. Jan to Jun 2025: 13 people joined, 38 left.
Headcount data through Jun 2025
Org structure
Headcount by department
Funding
- May 2023 · Debt Financing · $150M · Goldman Sachs, Deutsche Bank, Varde Partners
- May 2023 · Debt Financing · $150M · Goldman Sachs, Deutsche Bank, Varde Partners
- May 2023 · Debt Financing · $150M · Goldman Sachs, Deutsche Bank, Varde Partners
- May 2023 · Debt Financing · $150M · Goldman Sachs, Deutsche Bank, Varde Partners
- May 2023 · Debt Financing · $150M · Goldman Sachs, Deutsche Bank, Varde Partners
- May 2023 · Debt Financing · $150M · Goldman Sachs, Deutsche Bank, Varde Partners
- May 2023 · Debt Financing · $150M · Goldman Sachs, Deutsche Bank, Varde Partners
- May 2023 · Debt Financing · $150M · Goldman Sachs, Deutsche Bank, Varde Partners
- May 2023 · Debt Financing · $150M · Varde Partners, Deutsche Bank
- May 2023 · Debt Financing · $150M · Varde Partners, Deutsche Bank
- May 2023 · Debt Financing · $150M · Goldman Sachs, Deutsche Bank, Varde Partners
- May 2023 · Debt Financing · $150M · Goldman Sachs, Deutsche Bank, Varde Partners
- May 2023 · Debt Financing · $150M · Goldman Sachs, Deutsche Bank, Varde Partners
- Jul 2021 · Venture · $100M · Tilden Park Capital Management, ETS Strategic Capital, King Street Capital Management
- Jul 2021 · Debt Financing · $52.5M · Tilden Park Capital Management, ETS Strategic Capital, King Street Capital Management
Salaries at MPOWER Financing
All salaries5 salary profiles in India
H-1B sponsorship
The department split adds up all the years listed above. FY2025 alone: 1 filings.
Peer reviews
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Anonymous peer reviews on OffTheRecord
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MPOWER Financing FAQ
How many employees does MPOWER Financing have?
MPOWER Financing has about 254 employees, down 0.8% over the 3 months to Jun 2025.
Does MPOWER Financing sponsor H1B visas?
Yes. MPOWER Financing filed 1 H1B (LCA) application in FY2025, according to the latest U.S. Department of Labor disclosures. It was for a Marketing role.
What is MPOWER Financing's revenue per employee?
MPOWER Financing makes about $217K in revenue per employee, based on $55M annual revenue and 254 employees.
How much does MPOWER Financing pay?
6figr has 5 salary profiles for MPOWER Financing in India, with pay broken down by role, level and gender on the MPOWER Financing salaries page. See MPOWER Financing salaries
How much funding has MPOWER Financing raised?
MPOWER Financing has raised $2.34B in total funding; its latest round was Debt Financing in May 2023.
Data from Company Prospectus, DOL LCA disclosures, WARN notices and 6figr salary profiles.
