Branch International

lendingother lending

FOUNDING YEAR: 2015
LOCATION: United States
Last Update: 17/07/2020

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About

Branch delivers world-class financial services to the mobile generation. With offices in San Francisco, Lagos, Nairobi, Mumbai and Mexico City, Branch is a for-profit socially conscious company that uses the power of data science to reduce the cost of delivering financial services in emerging markets. We believe that everyone, everywhere deserves fair financial access. The rapid spread of smartphones presents an opportunity for the world's emerging middle class to access banking options and achieve financial flexibility.Branch's mission-driven team is led by founder and former CEO of Kiva.org. The company presents a rich opportunity for our team members to drive meaningful growth in rapidly evolving and changing markets. Most recently, Branch announced its Series C and has garnered more than $100M in funding with investments from leading Silicon Valley firms.

MEDICI Analysis

Branch is a new way to access credit over a smartphone in Kenya. Customers need to fill out an application for an affordable loan that is delivered directly to their mobile money account. It offers personalized, responsive customer support that meets the needs.

Focus

PRODUCTS & SERVICES

Provide credit services using mobile technology

MAIN CLIENTS

Retail Consumers

People

FOUNDERS

Matt Flannery

Daniel Jung

Random Bares

BOARD MEMBERS AND ADVISORS

Aadil Mamujee

J. Bryan Scott

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Andreessen Horowitz

CreditEase

Formation 8

Foundation Capital

Greenspring Associates

IFC

Khosla Impact

Musha Ventures

Trinity Ventures

Victory Park Capital

Visa

Momentum

FUNDED

YES

TOTAL FUNDING

$249.2 M

DATE OF LAST FUNDING

Jul 2019

TOTAL FUNDING COMMENT

The company is planning use the funds for small business owners in developing countries. (Mar. 2018)

SEED CLOSED ON

Sep 2015

FUNDING SERIES

SERIES A  · $9.2 M  · Mar 2016

SERIES B  · $70 M  · Mar 2018

SERIES C  · $170 M  · Apr 2019

DEBT FUNDING

$5 M

LISTED

NO

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