Princeton-based ETS Strategic Capital on March 11 announced two new deals allowing for the further expansion of the group’s educational business portfolio.
The new companies joining its portfolio include:
MPOWER® Financing, a Washington, D.C. and Bangalore, India-based FinTech lender focused on increasing access for the international and DACA (Deferred Action for Childhood Arrivals) student communities that are currently underserved by conventional banks. And Vericant which is comprised of United States, China and internationally-located teams of admissions professionals who are working to help transform the face of international admissions and assessment.
“Our newest investments and acquisitions are a reflection of our mandate to leverage external inorganic entrepreneurial high-growth tech business innovations to expand on the capabilities and align to the mission of ETS,” Ralph Taylor-Smith, the managing director of ETS Strategic Capital, said in a prepared statement. “Through equity investments, growth partnerships and M&A, we continue to explore new and emerging business opportunities globally for ETS to serve learners worldwide.”
ETS Strategic Capital said it made a minority investment in MPOWER Financing’s most recently-closed financing round and plans to leverage its largely international connections to student borrowers in Asia-Pacific regions, primarily India and China.
Vericant will operate as a new subsidiary of ETS.
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