Bengaluru and Washington DC-based MPOWER Financing, which provides educational loans to high-promise students around the world, has raised $100 million in equity funding, it announced on Tuesday.
The new funding is in addition to the $30 million MPOWER raised earlier this year from Tilden Park Capital Management, which also participated in the current round, and ETS Strategic Capital. Other investors in the current round included King Street Capital Management, Drakes Landing Associates, and Pennington Alternative Income Management.
