Total amount raised
$274.3 Millions
Latest funding date
01/01/2022
Location
Branch International has successfully raised over $100 million in funding, with its most recent round being a Debt Financing round closed on January 28, 2022. The company has attracted investments from notable firms, including Cauris Finance and Barium Capital.
Branch International offers a range of digital banking products through a smartphone-based platform, including instant loans, money transfers, bill payments, high-yield investments, and savings. Keep reading to explore the intricacies of Branch International's fundraising journey and the investors backing this innovative platform.
What Is Branch International?
Branch International, founded in 2015, operates in the FinTech industry, providing digital financial services through a smartphone-based platform. The company is headquartered in San Francisco, California, and has a significant presence in regions like Lagos, Mexico City, Mumbai, and Nairobi.
Founded by Daniel Jung, Matt Flannery, and Random Bares, Branch International employs between 101-250 people. The company offers a range of financial products, including instant loans, money transfers, bill payments, high-yield investments, and savings, aiming to provide fair financial access to everyone.
How Much Funding Has Branch International Raised?
- Seed Round
- Amount Raised: Not specified
- Date: September 2015
- Lead Investors: Not specified
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart operations and develop the initial product offering.
- Series A
- Amount Raised: $9.6M
- Date: November 2015
- Lead Investors: Andreessen Horowitz
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and scale the platform.
- Series A
- Amount Raised: $9.2M
- Date: March 2016
- Lead Investors: Andreessen Horowitz
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the technology and expand into new markets.
- Debt Financing
- Amount Raised: $2M
- Date: September 2017
- Lead Investors: Nabo Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support lending operations and enhance financial services.
- Series B
- Amount Raised: $70M
- Date: March 2018
- Lead Investors: Trinity Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enter new markets.
- Debt Financing
- Amount Raised: KES 350M
- Date: July 2018
- Lead Investors: Barium Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand lending services in Kenya.
- Debt Financing
- Amount Raised: $5M
- Date: December 2018
- Lead Investors: Not specified
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support local lending operations.
- Series C
- Amount Raised: $170M
- Date: April 2019
- Lead Investors: Foundation Capital, Visa
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product offerings and scale globally.
- Debt Financing
- Amount Raised: $5M
- Date: July 2019
- Lead Investors: Barium Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand lending services in Kenya.
- Debt Financing
- Amount Raised: Not specified
- Date: January 2022
- Lead Investors: Cauris Finance, Barium Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operations and growth.
Total Amount Raised: $270.8M
Current Valuation: Not publicly disclosed
Key Investors
- Andreessen Horowitz
- Details: Andreessen Horowitz is a private venture capital firm based in Menlo Park, California. It was founded in 2009 by Marc Andreessen and Ben Horowitz.
- Investment Focus Areas: Technology companies, fintech, healthcare, consumer services.
- Notable Investments: Facebook, Airbnb, Lyft.
- Trinity Ventures
- Details: Trinity Ventures is a venture capital firm that invests in early-stage technology companies. It was founded in 1986 and is based in Menlo Park, California.
- Investment Focus Areas: Early-stage technology companies, consumer services, enterprise software.
- Notable Investments: Starbucks, New Relic, Docker.
- Foundation Capital
- Details: Foundation Capital is a venture capital firm that focuses on early-stage technology companies. It was founded in 1995 and is based in Palo Alto, California.
- Investment Focus Areas: Early-stage technology companies, fintech, enterprise software.
- Notable Investments: Netflix, LendingClub, Sunrun.
- Visa
- Details: Visa is a global payments technology company headquartered in Foster City, California. It facilitates electronic funds transfers worldwide, primarily through Visa-branded credit cards, debit cards, and prepaid cards.
- Investment Focus Areas: Payment technologies, financial services, fintech startups.
- Notable Investments: Various fintech companies and payment solutions providers.
- Barium Capital
- Details: Barium Capital is an advisory firm owned by Centum that specializes in capital raising and financial structuring. It has been instrumental in arranging commercial paper issuances for Branch International.
- Investment Focus Areas: Advisory services, capital raising, financial structuring.
- Notable Investments: Various commercial paper issuances and advisory roles.
What's Next for Branch International?
Branch International is poised to capitalize on the burgeoning fintech landscape in Africa, with significant opportunities in expanding its lending services and introducing new financial products like savings and payments. Leveraging data science, the company aims to enhance its offerings and reach more customers, particularly in Kenya where it has already raised substantial local capital.
Future fundraising prospects look promising, with potential for additional rounds of investment from international backers. The company's innovative approach to commercial paper issuance and its strategic partnerships with top-tier firms position it well for continued financial support.
However, Branch International may face challenges such as regulatory scrutiny and competition from other micro-lending platforms. Navigating these hurdles will be crucial as the company seeks to maintain its growth trajectory and expand its market presence.
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