MPOWER Funding and Flutterwave Partner to Promote Student Loans for International Students from Africa –
WASHINGTON–(BUSINESS WIRE)–MPOWER Funding, a mission-driven fintech company and leading provider of education loans to promising international students in the United States and Canada, has partnered with global Flutterwave Africa-focused payments technology, to make the student loan application and payment process seamless for international students from Africa. MPOWER works with over 350 top universities in the United States and Canada to provide non-cosigner funding to students from over 200 countries, including many across Africa.
According to Open Doors, nearly 400,000 African students are studying at a university in the United States. Nigeria accounts for more than half of this population and is the fastest growing demographic group in Africa.
“As interest in obtaining an education in North America continues to grow across Africa, we are delighted to be working with Flutterwave to facilitate the entire process from application to payments, for budding students,” said Manu Smadja, CEO of MPOWER Financement. . “There is so much ingenuity happening on the continent, and being able to help promising students by equipping them with the tools to succeed is part of our mission. We are thrilled to partner with another organization that embodies our core beliefs. »
“At Flutterwave, we are always on the lookout for innovative customer solutions that go beyond payment technology,” said Munya Chiura, Head of Growth, Rest of Africa at Flutterwave. Our goal is aligned with that of MPOWER as both organizations are deeply passionate about expanding access to education. For talented students on the mainland who might not have been aware that they can apply for funding from this unique student loan provider, they will benefit from a seamless payment experience through Flutterwave.
About MPOWER Funding
MPOWER Financing, headquartered in Washington, DC, and with offices around the world, is a mission-driven fintech company and the leading provider of global education loans. It is the only student lender in the world that uses a proprietary algorithm to analyze foreign and domestic credit data as well as future earning potential to serve high-potential international and DACA students. MPOWER works with over 375 top universities in the United States and Canada to provide funding for students from over 200 countries. The MPOWER team, made up largely of former international students, helps build students’ credit history and provides them with personal financial education and career support to prepare for life after school. MPOWER has been named one of the Best Workplaces, one of the Best Tech Workplaces for Diversity, and one of American Banker’s Best FinTech Companies to Work for for four consecutive years. The team is backed by Tilden Park Capital Management, King Street Capital Management, ETS Strategic Capital, Drakes Landing Associates, Pennington Alternative Income Management, Zephyr Peacock, Breega, Potencia Ventures, Goal Solutions, Gray Matters Capital, Cometa, AI8, DreamIt, 1776, Village Capital, Fresco, K Street and University Ventures.
Flutterwave is a payments technology company that helps businesses around the world expand their operations in Africa and other emerging markets through a platform that enables cross-border transactions through a single API. Flutterwave has processed over 140 million transactions worth over $9 billion to date and serves over 290,000 businesses, including customers like Uber, Flywire, Booking.com, Facebook, and more. The main advantage of the company is the processing of international payments in 150 currencies and several payment methods. including local and international cards, mobile wallets, bank transfers, Flutterwave barter, and more. Headquartered in San Francisco, USA and Lagos, Nigeria, Flutterwave has infrastructure in over 33 African countries including Nigeria, Uganda, Kenya and the South. Africa. For more information on Flutterwave’s journey, please visit: www.flutterwave.com.
Kelly Ferraro, River North Communications