Branch MFB Named Best Neobank at 10th Africa Bank Summit 2.0
April 19th, 2023
"Branch MFB has been named "Best Neobank" at the 10th Africa Bank Summit 2.0 held in Nairobi. The recognition is a testament to the institution's unwavering dedication to providing exceptional financial services to the mobile generation in Kenya and beyond."
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Why becoming a Neobank is paying off for Branch
September 28th, 2022
"Branch International, a fintech company that pioneered personal loans via smartphones, raised eyebrows early this year when it announced that it was buying Century Microfinance Bank. The company's majority acquisition of the microfinance institution regulated by the Central Bank of Kenya made it the first fintech to acquire a regulated bank in the region. In a statement announcing the deal, the Central Bank of Kenya said the deal would 'bring financial services to the emerging markets by leveraging the power of technology.'"
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Andreessen-Backed Upstart Aims to Build Pan-African Digital Bank
March 1, 2021
"New deals, including potentially in Tanzania, will cement Branch’s position as the first fintech to buy banks in Sub-Sahara Africa, he said."
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Following $170m investment round, Branch is looking outside Africa’s banking system to serve the unbanked
April 10, 2019
"But Branch, one of the prominent players in the sector, is making a move to change this, following a new global partnership deal with Visa which also comes with an investment from the latter. Apparently, Foundation Capital and Visa recently led a $170 million Series C investment round in the company."
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Branch International partners Foundation Capital, Visa to raise $170m financing
April 9, 2019
"Branch International in collaboration with Foundation Capital and Visa, has announced a new global partnership and investment from Visa (NYSE: V) to raise $170 million series C financing for people unreached by banks."
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Mobile Lending App Branch Partners With Visa, Announces $170 Million In Fresh Funding
April 8, 2019
"Fintech startup Branch International, which assesses creditworthiness using smartphone data, has raised $170 million in Series C financing and announced a new partnership with Visa. Foundation Capital and Visa led the round, which also included...."
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This young lending startup just secured $70 million to lend $2 at a time
March 28, 2018
"You don't hear of many $2 loans in the United States, where $2 won't buy you more than a chocolate bar. But in cities like Lagos, Nigeria, and Nairobi, Kenya, $2 has the buying power of roughly $40, making such 'micro' loans useful when you're running..."
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Branch Mobile Lending App Disburses 4 Million Dollars in Loans Monthly
July 28, 2017
"If you have never heard of Branch, pay attention. Branch is a mobile lending app, founded in 2015, that offers loans of up to Ksh. 50,000 through its Android app. The app builds a credit score of the user by analysing their M-Pesa usage and over..."
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Tested By Adversity, Fintech Branch Emerges Stronger (And Better At Risk Management)
July 24, 2017
"Branch makes small personal loans to people in sub-Saharan African countries like Kenya, Tanzania, and Nigeria via their Android phones. Applicants download Branch's app which scours personal data on their phone such as texts, calls..."
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Lending Startups Look at Borrowers’ Phone Usage to Assess Creditworthiness
November 30, 2016
"A handful of Silicon Valley-backed startups are looking to revolutionize lending in the developing world, where banks are scarce and many would-be borrowers have no credit history. Their strategy: Show me your smartphone, and my app will find out..."
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Meet Branch, the 'Branchless Bank' for Emerging Markets
April 22, 2016
"Matt Flannery, Branch's co-founder and chief executive officer, discusses the Branch app and the mobile banking landscape with Bloomberg's Emily Chang on 'Bloomberg West.'"
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