MPOWER Funding and Flutterwave Partner to Promote Student Loans for International Students from Africa | Business

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WASHINGTON–(BUSINESS WIRE)–January 20, 2022–

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 Flutterwave, an Africa-focused global payments technology company, 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.

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MPOWER funding and Flutterwave partner (Graphic: Business Wire)

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 excited 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 funding, headquartered in Washington, D.C., and with offices around the world, is a mission-driven financial technology company and the main supplier global loans for education. It is the only student lender in the world that uses a proprietary algorithm to analyze overseas 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 histories and provides them with personal financial education and career support to prepare for life after school. MPOWER has been named one of best places to work, a die best tech workplaces for diversity, and one of the American bankers 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.

About Flutterwave

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, etc 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, barter by Flutterwave, etc. Headquartered in San Francisco, USA and Lagos, Nigeria, Flutterwave has infrastructure reach in over 33 African countries including Nigeria, Uganda, Kenya and South Africa. For more information on Flutterwave’s journey, please visit: www.flutterwave.com.

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CONTACT: Kelly Ferraro, River North Communications

(646) 275-7040

[email protected]

KEYWORD: UGANDA KENYA NORTH AMERICA CANADA UNITED STATES AFRICA NIGERIA SOUTH AFRICA DISTRICT OF COLUMBIA

INDUSTRY KEYWORD: UNIVERSITY DATA MANAGEMENT BANKING EDUCATION TECHNOLOGY PROFESSIONAL SERVICES OTHER COMMUNICATIONS COMMUNICATIONS SOFTWARE CONTINUOUS FINANCE

SOURCE: MPOWER funding

Copyright BusinessWire 2022.

PUBLISHED: 01/20/2022 05:00 AM/DISC: 01/20/2022 05:02 AM

http://www.businesswire.com/news/home/20220120005026/en

Copyright BusinessWire 2022.

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