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About Branch
Industries
Fintech
Financial Services
Company Size
201-500
Company Stage
Series C
Total Funding
$652.6M
Headquarters
Minneapolis, Minnesota
Founded
2015
Overview
Branch offers flexible and instant payment solutions for businesses and their workers, allowing immediate access to earnings instead of traditional fixed payroll schedules. Its platform provides various payout options, including instant, daily, or on-demand payments, which are particularly beneficial for independent contractors. Additionally, Branch includes services like cashless tips payouts and a paycard alternative, making it accessible without requiring large cash deposits. The company's goal is to empower workers with better financial control while helping businesses attract and retain talent.
Simplify's Take
What believers are saying
- Branch won 'Best Payment Enablement Platform' in 2025, boosting its credibility.
- Partnership with Fetch expands Branch's reach in delivery and logistics sectors.
- Branch's cashless tips and instant pay access appeal to the hospitality industry.
What critics are saying
- CFPB lawsuit alleges illegal payment practices, posing legal challenges.
- Opening accounts without consent for gig drivers could harm Branch's reputation.
- Association with Walmart's Spark Driver program may lead to reputational damage.
What makes Branch unique
- Branch offers instant, flexible payment solutions unlike traditional payroll systems.
- Branch's paycard provides a complete banking experience without pre-funding requirements.
- Branch integrates with symplr for same-day payments in healthcare, enhancing its market presence.
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Funding
Total Funding
$652.6M
Above
Industry Average
Funded Over
6 Rounds
Industry standards
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Remote Work Options
Company Equity
401(k) Retirement Plan
Unlimited Paid Time Off
Paid Holidays
Paid Parental Leave
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 0%2 year growth
↑ 0%Branch, a workforce payments platform, recently launched a full-service paycard.
Branch added a “full-service paycard” to its workforce payments platform. The paycard is delivered through the Branch App and Card, enables payments to a dedicated bank account and allows employers to provide workers with a path to a complete banking experience, the company said in a Thursday (April 10) press release. Employers can use the paycard and platform to deliver cashless tips, earned wage access, same-day pay and other payment methods, with no pre-funding required, according to the release
Prestigious Annual Awards Program Recognizes Outstanding Financial Technology Products Companies Around the WorldTAMPA, Fla., March 19, 2025 /PRNewswire/ -- Branch, the leading workforce payments platform, today announced that it has been selected as winner of the "Best Payment Enablement Platform" award in the 9th annual FinTech Breakthrough Awards program conducted by FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies, and products in the global FinTech market today
CFPB files lawsuit against Walmart and Branch Messenger over alleged payment violations.
The CE 100 Index barely budged in a shortened trading week that left only two more days of stock market action for 2024. The index was down a scant 0.02%, and the year-to-date performance — where the index is up 24.8% — continues to trail most major indices, save the Dow Jones Industrial Average, as seen below. This time around, through the past week, six pillars were lower, and five eked out gains. Xerox was the most notable gainer among individual names, up 9%, leading the Work segment 0.1% higher
Branch is Hiring for 8 Jobs on Simplify!
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About Branch
Industries
Fintech
Financial Services
Company Size
201-500
Company Stage
Series C
Total Funding
$652.6M
Headquarters
Minneapolis, Minnesota
Founded
2015
Branch is Hiring for 8 Jobs on Simplify!
Find jobs on Simplify and start your career today