WASHINGTON--(BUSINESS WIRE)--May 12, 2025--
MPOWER Financing ("MPOWER"), a mission-driven fintech firm and the leader in international student financing, today announced the completion of its second securitization, MPOWER Education Trust 2025-A ("MPOWR 2025-A"). The $313.2 million collateral pool is composed of U.S. dollar-denominated, fixed-rate loans made to international students attending leading American and Canadian universities.
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The securitization size exceeds MPOWER’s inaugural securitization of $215.2 million in 2024, and allows MPOWER to continue to scale loans issued primarily to graduate international students at more than 500 leading colleges and universities across the United States and Canada.
Key deal elements:
MPOWR 2025-A consisted of three tranches of notes. Morningstar DBRS (“DBRS”) & Kroll Bond Rating Agency (“KBRA”) rated the Class A Notes ‘A’(sf)/‘A’(sf), respectively. DBRS rated the Class B Notes ‘BBB’(sf) and Class C Notes and ‘BB(low)’(sf). The securitization’s investors include blue-chip names spanning asset management, pension plans, and insurance funds.
Strong demand amid a shifting landscape
International graduate students continue seeking educational opportunities in the U.S. and Canada. Advanced degrees in STEM, AI, business, and healthcare remain highly sought-after by employers.
“MPOWER is proud to be at the forefront of ensuring that the best and brightest students—from across the globe—have access to the financing they need to realize their educational dreams,” said Manu Smadja, Chief Executive Officer of MPOWER. “Investors recognize the value of this diverse student segment: ambitious, resilient, and contributing to the global economy in critical sectors like STEM and new paradigms driving business, such as AI. By supporting them, we are strengthening our business model and fueling innovation and economic growth in North America.”
“This securitization speaks to the growing demand for high-quality student financing,” said Jatin Rajput, MPOWER’s Chief Financial Officer. “Our loans are fixed-rate, generate cash flow even while students are still in school, and are disbursed directly to universities. That structure reduces risk and gives investors the transparency and predictability they seek. Our second securitization further validates our status as a repeat issuer and underscores the demand for international student loans as an asset class among institutional investors.”
About MPOWER Financing
MPOWER Financing, headquartered in Washington, D.C., and with employees worldwide, is a mission-driven fintech company and the leading provider of global education loans. Its proprietary algorithm analyzes overseas and domestic credit data as well as future earning potential to serve promising international students. MPOWER works with over 500 top universities across the U.S. and Canada to provide financing to students from over 200 countries. For more information, visit www.mpowerfinancing.com.
Deutsche Bank Securities Inc. served as the Structuring Agent and Joint Bookrunner, with Goldman Sachs & Co. LLC as Joint Bookrunner.
ALPHARETTA, Ga.--(BUSINESS WIRE)--Jan 14, 2026--
Mativ Holdings, Inc. (NYSE: MATV), a global leader in specialty materials, today announced an equity investment into Miru Smart Technologies (“Miru”), a leading smart window technology developer, to deepen their strategic partnership and prepare Miru for commercial production of its dynamic electrochromic window (“eWindow”) technology. This investment furthers the Miru-Mativ partnership as technical validation and commercial readiness work continues, targeting vehicle platforms.
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Building on a history of successful co-development through Mativ’s advanced polymer film brand Argotec, this latest agreement signals a shift toward high-volume manufacturing alignment.
Since their initial joint development agreement in 2024, Miru and Mativ have achieved several technical and industry milestones, including developing one of the world’s largest compound-curved electrochromic sunroofs (1.5 m × 1.6 m) and fulfilling the first commercial purchase orders from major glass manufacturers in 2025.
Key pillars of the strengthened partnership include:
“Mativ pioneers engineered materials designed to tackle the world’s most complex challenges through innovation and a steadfast commitment to sustainability,” said Shruti Singhal, President and CEO of Mativ. “Building on our strong 2025 performance, this investment underscores our confidence in Miru’s technology and our shared goal to establish eWindows, integrated with Argotec technology, as the global standard for energy-efficient glazing.”
“Miru’s growth reflects the work of translating breakthrough technology into a production-ready vehicle platform,” said Curtis Berlinguette, Founder and CEO of Miru. “This progress has been shaped by close collaboration with our partners, and Mativ has played an important role in that journey. With this investment, we strengthen our manufacturing capabilities and supply chain to bring the next generation of smart windows to market.”
Miru’s eWindow technology, paired with Argotec’s optically clear polymer films, delivers a unique neutral tint, superior clarity and advanced solar heat control that can extend EV range by up to 10%.
Through its partnership with Mativ - showcased at Glasstec 2024 and Glass Performance Days 2025 - these innovations are quickly evolving into scalable, manufacturable solutions for industries such as automotive, building and construction, and other industrial applications.
About Mativ
Mativ Holdings, Inc. is a global leader in specialty materials, solving our customers’ most complex challenges by engineering bold, innovative solutions that connect, protect and purify our world. Headquartered in Alpharetta, Georgia, we manufacture on three continents and generate sales in over 80 countries through our family of business-to-business and consumer product brands. The company’s two operating segments, Filtration & Advanced Materials and Sustainable & Adhesive Solutions, target premium applications across diversified and growing categories. Our broad portfolio of technologies combines polymers, fibers and resins to optimize the performance of our customers’ products across multiple stages of the value chain. Our leading positions are a testament to our best-in-class global manufacturing, supply chain and materials science capabilities. We drive innovation and enhance performance, finding potential in the impossible. To learn more, visit mativ.com.
About Argotec
Founded in 1988, Argotec is the global leader in engineered polymer films. Argotec provides unparalleled extrusion capability, capacity, and quality controls to support businesses across the globe. Argotec films are a critical component in a wide variety of industries, including automotive, aerospace, aviation, building & construction, medical, dental, consumer goods, graphics, renewable energy, safety & defense, and more. From surface and paint protection to smart glass and wound care, Argotec innovates everyday products. To learn more, visit argotec.com.
About Miru Smart Technologies
Miru Smart Technologies develops electrochromic windows ("eWindows") for the automotive, transportation and architectural sectors. Miru eWindows transform static glass into dynamic, responsive systems, disrupting industry standards with high performance, aesthetic and functionality. Miru is paving the way for the next generation of energy-efficient window technologies, with the vision to enhance the well-being of people and our planet. Learn more at mirucorp.com.
The Mativ and Miru partnership continues to drive innovation in advanced glass applications for the automotive industry and beyond.
