Posted on 09 June, 2020
Zephyr Peacock invests in small and medium sized enterprises operating across financial services, food and agriculture, and infrastructure ancillaries sectors. The Fund identified education finance as a high growth sector and invested in MPOWER Financing, a provider of education loans to international students pursuing higher education in North America. MPOWER has raised US$ 9 million from a consortium of investors including Zephyr Peacock, Breega, Potencia Ventures, AI8, Cometa, 1776, Fresco Capital, 1994 LLC, and Goal Structured Solutions.
Below is an excerpt from the post that first appeared on PR Newswire on 9 June 2020:
MPOWER Financing, an innovative fintech platform for educational loans to high-promise international and DACA students, recently raised $9M from a consortium of investors including Breega, Potencia Ventures, AI8, Cometa, Zephyr-Peacock, 1776, Fresco Capital, 1994 LLC, and Goal Structured Solutions.
"I am inspired by MPOWER's mission and its commitment to economic mobility," said Joe Sanberg, one of the United States' leaders in the movement to end poverty, co-founder of Aspiration Bank, and investor in MPOWER.
"The pandemic has shown that education is a rapidly changing industry and more important than ever. MPOWER has what it takes to thrive in this new environment," added Meng Xiong Kuok, Managing Partner of K3 Ventures.
The funds will fuel MPOWER's continued growth and its expansion into new value-added products and services for high-skilled immigrants in North America, including an international student loan refinancing solution.
Zephyr Management is a global emerging markets investment manager, specializing in the creation and management of highly focused private equity funds
Since its inception in 1994, Zephyr has sponsored and/or managed 26 investment funds in both public and private securities markets representing approximately $1.2 billion in combined commitments and assets under management
Emerging Markets Focus
The firm has initiated several private equity funds investing in several African countries, South Korea, Mexico, India, and Sri Lanka since its founding. Zephyr's funds serve medium size enterprises that are often ignored by larger private equity players. Zephyr funds provide growth capital to established companies with proven business models and sustainable competitive advantages.
Investment activities are currently focused on India, Sri Lanka and Africa.
Zephyr Peacock India
Zephyr Peacock India provides equity financing for fast growing, small to medium sized companies led by strong entrepreneurs and management teams.Read More
Emerald Sri Lanka Fund
Emerald Fund provides equity financing for fast growing, small to medium sized (SME) Sri Lankan companies led by strong entrepreneurs & management teams.Read More
Zephyr Acorn provides equity
Zephyr Acorn provides equity financing and business support to innovative early-stage companies in East Africa.Read More
Active Portfolio Support
The firm's special expertise lies in bringing global best practices to medium-sized growing companies by assisting them in conceptualizing sustainable business strategy, management development, compensation, ESG, expansion outside of their home country, capital structure and positioning for stock exchange listing or trade sale.