StageDebt - V | Alive
Last Raised$100M | 4 yrs ago
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.
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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.
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.
Latest Branch International News
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.
Compare Branch International to Competitors
Tala provides digital financial services through the mobile application. It gathers discrete data points of customers to build a financial identity and deliver instant credit. It was formerly known as InVenture. It was founded in 2011 and is based in Santa Monica, California.
Prodigy Finance is a globally-accessible platform that provides funding to international postgraduate students attending top-ranked business schools, while also delivering competitive financial returns to institutional and private investors including alumni. Prodigy Finance's platform enables future leaders from around the world to overcome funding constraints and achieve their potential, delivering this broad social benefit alongside financial returns for investors.
ZestMoney operates as a digital lending platform. It enables people to pay using digitally equated monthly installments (EMIs), without the need for a credit card or a credit score and provides credit information, financial counseling, and more. ZestMoney was founded in 2015 and is based in Bengaluru, India.
Brighte is a point of sale credit and payments provider that seeks to help businesses provide customers with a fast and affordable way to pay. Brighte's end-to-end automated digital platform provides real-time credit assessment of a customer application.
Upgrade operates as an online lending platform. It combines personal loans with credit monitoring and helps users secure credit. It was founded in 2017 and is based in San Francisco, California.
Kissht is a financial technology platform that enables instant, seamless credit for consumers to make purchases at digital points of sale (online and offline). Its plug and play gateway APIs can be easily integrated into any merchant checkout page or retail POS for providing access to quick loan. Kissht was founded in 2015 and is based in Mumbai, India.
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