Edtech firms MPOWER, Credenc get $125 mn in funding for business growth

The companies work with Indian students going abroad for education, partner with colleges and companies.

Education funding firms MPOWER Financing and Credenc have got $125 million in combination of equity and debt investment to scale up business.

The companies work with Indian students going abroad for education.

MPOWER Financing raised an equity investment of $100 million from King Street Capital Management, Drakes Landing Associates, Pennington Alternative Income and Tilden Park Capital Management. The funding is in addition to the $30 million MPOWER raised earlier this year—a round in which Tilden had participated.

Capital India, a finance company, invested $ 25 million, in Credenc, an education lending fin-tech platform. With Capital India’s investment and by using combination of debt