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Branch International

branch.co

Founded Year

2015

Stage

Debt - V | Alive

Total Raised

$260.76M

Last Raised

$100M | 4 yrs ago

Revenue

$0000 

About Branch International

Branch International offers a mobile application. It allows users to access credit in emerging markets. Its offerings include loans and micro-finances. It enables users to get loans. It was founded in 2015 and is based in San Francisco, California.

Headquarters Location

535 Mission Street

San Francisco, California, 94105,

United States

+91 9324925330

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Expert Collections containing Branch International

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Branch International is included in 3 Expert Collections, including Fintech 250.

F

Fintech 250

498 items

D

Digital Lending

1,885 items

This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.

F

Fintech

3,858 items

Latest Branch International News

Branch Kenya loans hit Sh 5.2 billion

May 30, 2023

(L-R) Branch Chief Technology Officer Anshul Agrawal,Branch Managing Director,East Africa Rose Muturi and Branch Co-Founder and CEO Matt Flannery Branch Microfinance has disbursed 16.4 million loans to 3.1 million clients in Kenya amounting to Sh 5.2 billion. Branch was founded in 2015 as a virtual lender and in Kenya, it has now grown to be a microfinance bank after the merger and acquisition of Century Microfinance Bank in March 2022. With operations across India, Nigeria, Kenya, and Tanzania, Branch says it has disbursed over $600 Mil (~Kes 80B) to over 5 million borrowers around the world in the last 6 years. The app has been downloaded over 21 million times and has an average user rating of 4.4. In addition to Branch’s core lending services, Neobank has also unveiled two new features for its customers. These include the Flexi and Target savings products which allow customers to enjoy competitive rates – customers get 9% p.a for Flexi and 15% p.a for Target, on their deposits. Related Articles January 10, 2023 Managing Director East Africa, Branch International, Rose Muturi, while speaking during a media roundtable on Monday noted that the Neobank recognizes the importance of savings as a vital component of financial stability. To cater to this need, they introduced Branch Flexi Savings Account, a versatile savings solution that allows customers to set aside funds at their own pace. “All you need to do is fund your account from your Branch wallet. Once your Branch wallet is funded, tap the ‘Savings’ option, select Flexi savings and enter the amount you want to save, complete your savings, and start enjoying an interest of 9% or 15% P.A, “said Rose. Branch has introduced a new payment option, Pay to Till, within their app. This feature enables customers to make seamless payments to merchants by scanning QR codes at their respective tills. Allowing users, the convenience of making payments directly from their Branch International app, eliminating the need for physical cash transactions. Artificial Intelligence Branch also revealed that it leverages Artificial Intelligence (AI) technology to minimize credit risk. Founder & CEO, Matt Flannery, said the Neobank’s utilization of AI algorithms has propelled it to the forefront of credit risk management, ensuring reliable and responsible lending practices. Mr. Flannery noted by harnessing the power of AI, Branch International is able to offer personalized loan products and minimize risk exposure, resulting in enhanced financial inclusion and economic growth. Facebook Comments

Branch International Frequently Asked Questions (FAQ)

  • When was Branch International founded?

    Branch International was founded in 2015.

  • Where is Branch International's headquarters?

    Branch International's headquarters is located at 535 Mission Street, San Francisco.

  • What is Branch International's latest funding round?

    Branch International's latest funding round is Debt - V.

  • How much did Branch International raise?

    Branch International raised a total of $260.76M.

  • Who are the investors of Branch International?

    Investors of Branch International include Andreessen Horowitz, CE Innovation Capital, Victory Park Capital, International Finance Corporation, Trinity Ventures and 11 more.

  • Who are Branch International's competitors?

    Competitors of Branch International include SoLo Funds, Fin, Baubap, ZestMoney, Kissht and 15 more.

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