Fintech Startup MPOWER Financing Raises $500,000

MPOWER Financing announced it has secured $500,000 in bridge financing from 1776.

MPOWER’s mission is to remove financial barriers to higher education in the U.S. To accomplish this, MPOWER works with investors and universities to lend to high-potential students who are left out by traditional banks.

In its announcement, the company said the financing is a bridge to MPOWER’s planned Series B round this summer.