Branch International Stock
Mobile Financial Services
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About Branch International Stock
Branch aims to deliver world-class financial services to the mobile generation. Branch is a for-profit lender that claims to use the power of data science to reduce the cost of delivering financial services in emerging markets. As of December 2020, Branch discloses it has 3M+ customers, 15M+ loans issued, and 350M+ dollars disbursed.
Branch International was founded in 2015 and is headquartered in San Francisco, CA, with additional offices in Lagos, Mexico City, Mumbai, and Nairobi. Notable investors in Branch International include a16z, Khosla Ventures, and Visa.
Investors
Andreessen Horowitz
Lyft, Robinhood, Databricks, Airbnb, Instacart, Stripe, Magic Leap, Anduril Industries, Rappi, CoinSwitch Kuber
Barium Capital
CreditEase Fintech Investment Fund
Tradeshift, Circle, Fair, Upgrade, Addepar, Figure, Fundbox, Cross River, H2O.ai, Taulia
Foundation Capital
Rappi, Fair, Cerebras Systems, Graphcore, Cohesity, Bolt Threads, OpenSea, Current, Kiavi, States Title
Foxhaven
Greenspring Associates
Quibi, Scopely, Workrise, Cohesity, Tipalti, Salsify, Grove Collaborative, Stash Financial, Blockdaemon, Aviatrix
Funding History
| January 2015 | $0 |
|---|---|
| September 2015 | $1.4M |
| March 2016 | $9.9M |
| December 2017 | $22.2M |
| January 2019 | $67.5M |
Management
Co-Founder and Chief Executive Officer
Matt Flannery
Co-Founder and Chief Operating Officer
Daniel Jung
Press
FinancialTimes - Sep, 9 2020
Kenyan borrowers shamed by debt collectors chasing Silicon Valley loansTechCrunch - Apr, 8 2019
Partnering with Visa, emerging market lender Brand International raises $170 millionForbes - Apr, 7 2019
Mobile Lending App Branch Partners With Visa, Announces $170 Million In Fresh FundingThe Guardian - Jun, 18 2018
https://guardian.ng/business-services/branch-international-facilitates-n1-billion-loan-in-nigeria/TechCrunch - Mar, 28 2018
This young lending startup just secured $70 million to lend $2 at a timeWall Streets Journal - Nov, 30 2015
Lending Startups Look at Borrowers’ Phone Usage to Assess CreditworthinessEquityZen does not have an affiliation with, formal relationship with, or endorsement from any companies featured above. This profile is based on publicly available information and is intended to be informative in nature.
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