Branch is a mobile lender providing personal unsecured microloans in Kenya, Tanzania and Nigeria. Branch uses technology to dramatically reduce the cost of delivering financial services in emerging markets. IFC is considering an equity investment in Branch, which will be used to finance the Company’s continued growth.
Branch is raising Series B equity to finance its continued expansion. The proposed IFC investment is for up to US$3 million in equity.
Branch was co-founded by its current Chief Executive Officer, Matthew Flannery, Chief Operating Officer, Daniel Jung, and Chief Technology Officer, Random Bares. The Company’s investors include Andreessen Horowitz, Formation 8 and Khosla Impact Fund.
International Finance Corporation
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