Chilango Ventures

Chilango Ventures, founded in 2015 and based in San Francisco, California, was a venture capital firm that focused on investing in companies within the artificial intelligence, blockchain, and technology sectors. In addition to providing capital, the firm offered a business development framework leveraging its network of limited partners and associates. In November 2019, Chilango Ventures merged with Alpha Impact 8 Ventures, which marked a significant transition in its operational structure.

Neha Jain

Partner

Yamandu Rodriguez

Partner

1 past transactions

MPOWER Financing

Series A in 2017
MPOWER Financing is a Public Benefit Corporation based in Washington, D.C., that provides educational loans to international and DACA students studying in the United States and Canada. Founded in 2014, the company offers loans ranging from $2,001 to $50,000, which can be used for various student-related expenses, including tuition, housing, and books. Notably, MPOWER does not require a co-signer, collateral, or a U.S. credit history, utilizing a proprietary credit algorithm that assesses future potential instead. Loans are structured as 10-year fixed-rate agreements, with repayments beginning six months after graduation. The company also offers additional support services, such as interest discounts, personal finance education courses, credit-building resources, and job placement assistance. By partnering with universities, MPOWER identifies potential loan candidates and directly disburses funds to educational institutions for tuition and related expenses.
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