Branch
What it does
Branch International was founded in 2015 by Matt Flannery (co-founder of Kiva) and Daniel Jung. The San Francisco-based fintech provides digital lending via mobile phones in sub-Saharan Africa and India. Branch raised a $170M Series C in 2019 led by Foundation Capital and Visa, bringing total funding to approximately $249M. In 2025 the company reported $30M in global profit, though it laid off staff in Nigeria and Kenya in 2026.
Consumer / retail lendingDigital savings platformsMicro-investing
Known for
- Digital lending via mobile in Africa
- Founded by Kiva co-founder Matt Flannery
- $170M Series C in 2019
- Operates in Nigeria, Kenya, Tanzania, India
Model & industry
SaaSAll / Cross-industry
Funding history
$250.6M
Total raised
4
Rounds
Series C
Latest stage
2019
Latest year
| Date | Stage | Amount | Lead investor |
|---|---|---|---|
| 2019-04 | Series C | $170.0M | Foundation Capital |
| 2018-03 | Series B | $70.0M | Trinity Ventures |
| 2016-03 | Series A | $9.2M | Andreessen Horowitz |
| 2015-05 | Seed | $1.4M | — |
Source: Condia Funding Tracker
Products & subsidiaries
Branch App · Digital Lending
In the News
- 2026-05-25 · Branch International Cuts Staff in Africa Amid $30 Million Profit · PYMNTS