New relationship leverages the strengths of
each organization to help promising students, from around the
world, access world-class banking and financing products
TORONTO, June 26,
2024 /CNW/ - TD and MPOWER Financing have announced a
collaboration to help simplify the banking experience for
international students pursuing higher education in Canada. MPOWER Financing ("MPOWER"), a
mission-driven fintech firm and a leader in international student
financing, announced that it is working with TD, the second-largest
bank in Canada and sixth largest
in North America by assets, to
offer a suite of financial resources needed to help create a
seamless banking experience for students on their journey to
Canada.
As part of this collaboration, TD would be MPOWER's preferred
bank for the thousands of students pursuing a degree at one of the
universities that MPOWER supports through its no-cosigner
international student loan program in Canada. The TD International Student Banking
Package offers access to an array of banking products and services
that helps support international students as they transition to
post-secondary education in Canada.
"We're delighted to work with a large and reputed financial
organization such as TD to better support international students'
financial needs in Canada," said
Manu Smadja, CEO and co-founder of
MPOWER Financing. "Our students - who pursue master's degrees from
top Canadian institutions - will benefit from the range of
financial products, including chequing accounts, savings accounts,
and credit cards, that TD can provide them as they begin their
journeys in Canada. This
collaboration is the latest example of how MPOWER supports students
beyond education funding with access to adequate financial
products, career guidance, and student visa support."
"At TD, we are committed to making things less complicated for
students from across the world on their journey to study
in Canada," said Janice Farrell
Jones, Senior Vice President, Everyday Banking, Saving &
Investing at TD. "That's why we're so thrilled to be working
with MPOWER to help simplify international students' transition to
the Canadian banking system. Starting a new life abroad comes with
a host of challenges, and it's our goal to support students by
offering tools, programs and trusted advice to help make the
transition a little easier."
To learn more about TD and MPOWER's collaboration supporting
international students, visit
https://www.mpowerfinancing.com/international-student-canada-banking.
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 400 top universities across the U.S. and
Canada to provide financing to
students from over 200 countries. The MPOWER team primarily
consists of former international students and provides students
with personal financial education and career support to prepare
them for their professional careers after graduation.
MPOWER is a Certified B-Corp and Great Place To
Work, one of the best fintechs to work for, and the best tech
workplace for diversity. The company is hiring for various
positions worldwide.
About TD Bank Group
The Toronto-Dominion Bank and its subsidiaries are collectively
known as TD Bank Group ("TD" or the "Bank"). TD is the sixth
largest bank in North America by
assets and serves over 27.5 million customers in four key
businesses operating in a number of locations in financial centres
around the globe: Canadian Personal and Commercial Banking,
including TD Canada Trust and TD Auto Finance Canada; U.S. Retail,
including TD Bank, America's Most Convenient Bank®, TD Auto Finance
U.S., TD Wealth (U.S.), and an investment in The Charles Schwab
Corporation; Wealth Management and Insurance, including TD Wealth
(Canada), TD Direct Investing, and
TD Insurance; and Wholesale Banking, including TD Securities and TD
Cowen. TD also ranks among the world's leading online financial
services firms, with more than 17 million active online and mobile
customers. TD had $1.97 trillion in
assets on April 30, 2024. The
Toronto-Dominion Bank trades under the symbol "TD" on the
Toronto and New York Stock
Exchanges.
SOURCE TD Bank Group