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Flutterwave and MPOWER Financing partner to promote student loans

By Edlyn Cardoza

January 24, 2022

  • Africa
  • Education Loans
  • FinTech
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MPOWER Financing, FinTech, Education Loans, Flutterwave, Africa, USA, Open Doors, Loan ManagementMPOWER Financing, a mission-driven FinTech firm and the leading provider of education loans to high-promise international students in the United States and Canada, has partnered with Flutterwave, an Africa-focused global payments technology company, in order to make the student loan application and payment process seamless for international students from Africa. MPOWER works with more than 350 top universities across the U.S. and Canada to provide no-cosigner financing to students from 200+ countries, including many across Africa.

According to Open Doors, there are nearly 400,000 students from Africa studying at a university in the U.S. Nigeria makes up over half of this population and is the fastest-growing African population demographic.

“As interest in obtaining an education in North America continues to rise throughout Africa, we are delighted to work with Flutterwave in order to make the entire process, from application to payments, easier for aspiring students,” said Manu Smadja, CEO of MPOWER Financing. “There is so much ingenuity happening on the continent, and being able to help promising students by equipping them with the tools needed for success is part of our mission. We are thrilled to partner with another organization that embodies our core beliefs.”

“At Flutterwave, we are always looking for innovative client solutions that expand 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 continent who might not have otherwise been aware that they can apply for funding with this unique student lending provider, they will enjoy a seamless payment experience through Flutterwave.”

IBS Intelligence had reported that the Stellar Development Foundation (SDF) announced that Flutterwave, a global payments technology company, had launched two new remittance corridors between Europe and Africa on the Stellar network. Working with TEMPO, Flutterwave is leveraging the Stellar network and Stellar USDC to simplify remittances in Africa.

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