Founded Year

2015

Stage

Series C | Alive

Total Raised

$633.41M

Last Raised

$75M | 6 mos ago

About Branch

Branch is a business payment acceleration firm that offers digital payouts of tips, wages, and off-cycle payments, earned wage access, fee-free banking, and pay card alternatives. It also offers back contractor payments and reporting, allowing customers to automate processes, reduce payroll costs, support independent contractors with free financial services, and remove cash flow concerns.

Branch Headquarter Location

8014 Olson Memorial Hwy 55 #471

Golden Valley, Minnesota, 55427,

United States

612-601-1122

ESPs containing Branch

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTHMARKET STRENGTHLEADERHIGHFLIEROUTPERFORMERCHALLENGER
Consumer & Retail / Retail Tech

These platforms allow workers to access accrued wages before payday. Some companies do this for free, while others charge the worker a small fee that can be deducted from their next paycheck. The fee is typically far more affordable than a high-interest payday loan. Many of these tools are also beginning to incorporate related financial wellness features, such as budgeting tools and educational fi…

Branch named as Leader among 13 other companies, including DailyPay, PayActiv, and Wagestream.

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Branch's Products & Differentiation

See Branch's products and how their products differentiate from alternatives and competitors

  • Digital Tips & Mileage / Off-Cycle Payments

    Instantly send digital tips, mileage reimbursements, bonuses, off-cycle payments, or other one-off payments to workers after each shift.

    Differentiation

    Built on real-time payments technology, Branch offers a digital wallet (the Branch Wallet) for working Americans to help them get paid faster. Employees can get signed up and paid on Day 1. Backed … 

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    Differentiation

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

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    Differentiation

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

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    Differentiation

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

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    Differentiation

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

Research containing Branch

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Branch in 2 CB Insights research briefs, most recently on Mar 17, 2022.

Expert Collections containing Branch

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

Branch is included in 6 Expert Collections, including HR Tech.

H

HR Tech

4,016 items

HR tech startups are helping companies manage critical pain points in HR processes such as recruitment, automation, career development, compensation, and benefits management, through a mix of software and services.

S

Store management tech (In-store retail tech)

1,860 items

Startups aiming to work with retailers to improve brick-and-mortar retail store operations.

B

Banking

738 items

D

Digital Lending

1,603 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

Financial Wellness

245 items

Track startups and capture company information and workflow.

F

Fintech

7,442 items

US-based companies

Latest Branch News

Hana Bank wins Digital Banking Award 2022 for mobile services

Aug 9, 2022

Posted : 2022-08-09 15:33 Updated : 2022-08-09 15:33 A promotional image to celebrate Hana Bank winning a Digital Banking Award 2022 in the mobile category / Courtesy of Hana Bank By Yi Whan-woo Hana Bank said Tuesday that it won a globally recognized award for its mobile banking service. The lender won in the mobile category of the Innovation in Digital Banking Awards 2022 from The Banker, a U.K. monthly magazine owned by the Financial Times. It was awarded for its virtual "My Branch" that connects customers with tellers and managers at physical branches in their neighborhood for one-on-one services via mobile phone. "My Branch" accordingly brings together convenience and efficiency from both online and offline banking services, to make up for the shortcomings of digital banking, which not all customers find easy to use. "The application not only offers personalized financial products, organized by branch managers for specific customers, but also presents a different layout and presentation tailored to each user," The Banker said of "My Branch." Citing Hana Bank, The Banker noted the Korean company "only had 'one humdrum banking app' which displayed the same mobile banking screens, products and layouts to all customers," before the introduction of "My Branch" in April 2021. The U.K. magazine noted that Hana Bank has organized its developing operation teams with IT resources to work with branch managers ― many of whom are unfamiliar with IT development ― to develop "My Branch." The number of accumulated visitors to "My Branch" is now 2 million, and it has acquired 160,000 customers, providing $1.6 billion in personal loans. It accounts for 34.3 percent of personal credit loans and 18.2 percent of demand deposits at Hana Bank. In response to winning the award, Hana Bank said it will continue to strive for an "innovative platform that faithfully serves each customer." Meanwhile, Hana Bank was named as Bank of the Year 2021 in Korea by The Banker. The magazine lauded the Korean lender for its "focus on supporting environmental projects and helping its customers to transition towards digital banking."

Branch Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Branch Rank

  • When was Branch founded?

    Branch was founded in 2015.

  • Where is Branch's headquarters?

    Branch's headquarters is located at 8014 Olson Memorial Hwy 55, Golden Valley.

  • What is Branch's latest funding round?

    Branch's latest funding round is Series C.

  • How much did Branch raise?

    Branch raised a total of $633.41M.

  • Who are the investors of Branch?

    Investors of Branch include CrossCut Ventures, Addition, Drive Capital, General Atlantic, Indeed and 10 more.

  • Who are Branch's competitors?

    Competitors of Branch include QRails, ZayZoon, Tapcheck, Wagestream, DailyPay, SteadyPay, Even, Paywatch, Refyne, Trezeo and 14 more.

  • What products does Branch offer?

    Branch's products include Digital Tips & Mileage / Off-Cycle Payments and 4 more.

  • Who are Branch's customers?

    Customers of Branch include Taco Bell (Border Foods), Supercuts, Cost Cutters (HRAH), Pizza Hut (Hot Pizzas) and Tagger.

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