The Work Index by Flexa

MPOWER Financing

MPOWER Financing is a mission-driven fintech company that provides no-cosigner loans and scholarships to international and DACA students pursuing higher education in the US and Canada.

https://www.mpowerfinancing.com/
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Description

MPOWER Financing is a mission-driven fintech company that specializes in providing educational loans to international students. Founded by former international students themselves, MPOWER understands the unique challenges faced by those seeking higher education abroad. Their commitment to social impact shines through in their unique no-cosigner, no-collateral loan model, which is designed to make education accessible to students from diverse socioeconomic backgrounds. They offer a fully digital application process, competitive interest rates, and a flexible repayment plan, with a focus on supporting students throughout their journey.

Beyond financing, MPOWER offers a comprehensive suite of services including visa support letters, career counseling, and access to exclusive networking opportunities. MPOWER also actively supports various scholarship programs aimed at deserving students, including those from underrepresented communities and those pursuing careers in STEM fields. MPOWER's dedication to accessibility, coupled with its commitment to empowering future global leaders, has established it as a leading force in the international education finance landscape.

Flexibility

MPOWER Financing offers a hybrid workplace policy, allowing employees to work both in the office and from home. This flexibility enables employees to strike a balance between their work and personal lives, particularly for parents who need to juggle work and family responsibilities. The company also provides paid time off, sick time, parental leave, bereavement leave, volunteer time off, and professional development opportunities to support employee well-being.

Hybrid

Benefits

MPOWER Financing offers competitive employee benefits designed to support its diverse workforce. These include generous paid time off, including vacation, sick leave, parental leave, bereavement leave, and volunteer time off. The company also provides comprehensive medical benefits and an annual allowance for self-directed professional development. They also have a dedicated learning and development function focused on delivering company-wide trainings to fit the goals of each team.

Enhanced parental leave

Mission

MPOWER Financing is a public benefit corporation founded by international students dedicated to helping global citizens achieve their educational goals. Recognizing the financial obstacles international students often face, MPOWER provides loans and scholarships based on future potential, not past credit history. The company emphasizes a fully digital, user-friendly loan process, along with free visa support letters and exclusive career services, to empower students worldwide.

Data-driven
Disruptor
Social impact led
Tech for good

Culture

MPOWER Financing fosters a collaborative and inclusive culture that values data-driven decision making, excellence, and a commitment to empowering international students. The company promotes a fast-paced, startup environment where employees are encouraged to take ownership of their work, creatively problem-solve, and learn from each other. This commitment to inclusion is reflected in their diverse team, with staff representing numerous countries and speaking over 28 languages.

Agile and dynamic
Autonomous
Collaborative
Engaging
Entrepreneurial
Fast-paced
Fun
People-first
Progressive
Supportive
Transparent

DE&I

MPOWER Financing prioritizes diversity, equity, and inclusion throughout its organization and operations. The company boasts a diverse workforce, with over 70% of its employees being from countries outside the US and its executive team being comprised of 83% immigrants and/or members of racial minority groups. The company actively seeks diverse perspectives and supports all dimensions of diversity, promotes global communication with employees speaking 28 languages, and strategically draws from a worldwide talent pool through its offices in Washington, D.C., and Bengaluru, India.

Ethnically diverse
Gender diverse

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