• FOUNDING YEAR: 2014
    LOCATION:
    United States
    REGION:
    DC
    Last Update:
    18 Oct, 2019

Description

FOCUS

PRODUCTS & SERVICES:
Crowdsourced loans for student financing. It helps domestic and international students in raising loans in US colleges
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Athletes-USA and other listed college students.
COMMENT
Loans are offered to 180 nationalaties including US.

PEOPLE

FOUNDERS:
Emmanuel Smadja, Michael Davis
Board Members and Advisors:
Ken Ruggiero, Paul Breloff, Tahira Dosani, Elizabeth Edwards, Zakir Gaibi, Kelly Hernandez, Joe Haberman, Sanjib Kalita, Alexandre Lazarow, Todd Ruppert, Andrew Stephen, Jim Turner, Andrew Wert
NUMBER OF EMPLOYEES:
1-10
INVESTORS:
1776, Variv Capital, Chilango Ventures, University Ventures, Goal Structured Solutions, Village Capital, Panther Angels, Fresco Capital, Zephyr Peacock, Dreamit, Breega Capital, University Ventures, Gray Matters Capital, Community Investment Management
KEY EMPLOYEES:
Manu Smadja(CEO); Emmanuel Smadja(CEO); Michael Davis(CTO); Lana Bronipolsky(CFO)

TRACTION

VALUATION / MARKET CAP:
$3.33 MM in 2017

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$20.5 Millions
DATE OF LAST FUNDING:
Nov 2018
TOTAL FUNDING COMMENT:
The company will use the funds to support new product growth and technology enhancements as well as to finance MPOWER Financing's expanding student loan portfolio. (Nov. 2018)
SEED & PRIOR FUNDING:
$4 Millions
SEED CLOSED ON:
Oct 2015
FUNDING SERIES:
SERIES A
$6.5 Millions Closed: Jun 2017
SERIES B
$10 Million Closed: Nov 2018
COMMENTS
SERIES A : An undisclosed Series A fund raised in March 2017.
DEBT FUNDING:
$100 Million
LISTED:
NO

LATEST RESEARCH