Goldman Sachs invests USD 150 million in the FinTech startup MPOWER


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The Washington-based FinTech company MPOWER announced that Goldman Sachs helped it secure a USD 150 million revolving asset-backed warehouse facility. The FinTech provides non-co-signed loans to students across the world.

The company said that with the most recent funding, more students will be able to access the student loans provided to them for more than 400 colleges and universities across the United States and Canada. In 2022, the FinTech had raised money from Deutsche Bank.

In addition, a group of investors that included Tilden Park Capital Management and King Street Capital Management gave it USD 100 million in equity funding in 2021.

TalkFintech Bureau
TalkFintech Bureau
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.


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