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 easier for employees to access their pay. The company aims to empower workers with financial control while helping businesses attract and retain talent.

Daren Cotter

Techstars

Matchstick Ventures

Right Side Capital Management

March Capital Partners

Double M Partners

Act One Ventures

CrossCut Ventures

HR Tech Investments

Bonfire Ventures

Addition VC

Drive Capital

Neuberger Berman

Neuberger Berman Group

General Atlantic

indeed.com

Fintech

Financial Services

Branch

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

Xerox Surges On Lexmark Deal But Can’T Budge Ce 100 Index

Fountain, the labor applicant tracking system (ATS) and provider of hiring automation software for frontline workforces, announced it has integrated workforce payments platform Branch in order “to make paying new workers fast and scalable for hiring companies.”Branch claims that it is “the first and only integrated payments solution for Fountain customers.”Complementing Fountain’s robust and comprehensive platform, Branch makes “paying workers button-click simple.” Companies using Fountain “can now automatically generate Branch’s digital bank account and debit card during the application process, giving new hires an easy, immediate way to get paid following the completion of work.”Operations teams can “save time and energy by automating the payment setup for new and current workers, including both W-2 employees and 1099 contractors.”Sean Behr, CEO of Fountain, said:“We are thrilled to work with Branch and offer a payment solution that will enable workers faster access to their hard-earned money. Together, we’re empowering businesses with comprehensive solutions that increase operational efficiency and improve the worker experience— from application to their first payment and beyond.”With Fountain’s integration of Branch, businesses can attract and retain talent, pay workers faster, and increase operational efficiency—”at no cost to the business.”Returnmates, a provider of delivery and return pickup services, is “the first customer to adopt the new integration.”Returnmates will now offer driver partners “the option to set up a payment method before their first contracted block and receive their payments the next business day after providing services, rather than waiting up to one week.”Daniel McKeon, Head of Driver Operations at Returnmates, said:“This integration allows us to provide driver partners with an easier, faster payment option and onboarding experience—we can set everything up so they feel more confident on day one. We’re also able to streamline our own internal processes and reduce time spent processing payments from hours to minutes.”Atif Siddiqi, founder and CEO of Branch, said:“Fountain shares our commitment to bringing businesses best-in-class solutions and providing frontline workers versatile payment options. We’re excited to become Fountain’s first payments solution and accelerate the way companies like Returnmates onboard and pay their workforces.”The Branch App, available on iOS and Android, enables workers to manage their Branch account and debit card.The Branch account has “no minimum balance requirement, offers cashback rewards on everyday purchases, and enables cardholders to obtain cash at surcharge-free ATM access at more than 55,000 locations across the U.S.”Workers who sign up with Branch can “add their Branch debit card to their Apple Pay or Google Pay wallets.”

Workforce Payment Solutions: Fountain Integrates With Branch To Streamline Payments Onboarding

FinTech company Branch said Monday (Dec. 23) that it will defend itself “vigorously” against a Consumer Financial Protection Bureau lawsuit filed against the company and Walmart. The CFPB sued Branch and Walmart Monday, alleging that the companies illegally opened accounts for gig economy delivery drivers without their consent, required drivers to receive their pay through those accounts, collected junk fees from the drivers, and did not deliver the “instant access” to pay that they had promised. The CFPB’s complaint centers on Walmart’s Spark Driver program, which includes gig economy drivers making last-mile deliveries from Walmart stores, and Branch’s deposit account that is accessible through a digital app and debit card, the CFPB said in a Monday press release

Cfpb Sues Walmart And Branch Over Accounts For Gig Economy Drivers

American workers are ditching the traditional waiting game and opting to receive their income and earnings in real time. It’s not just a preference; it’s a widespread shift shaping the way consumers handle their finances. According to findings detailed in the “Measuring Consumer Satisfaction With Instant Payouts” report by PYMNTS Intelligence, U.S. consumers are increasingly choosing instant payments for various types of disbursements, with 72% expressing a preference for this method when given the choice.Data analysis showed that consumers receiving income and earnings payouts are the most likely to opt for instant transactions. The trend holds true across all disbursement categories, from government and nongovernment entities to insurance claim payments and loan disbursements. Notably, consumers receiving payouts for income and earnings surpassed the average, choosing instant transactions 77% of the time

Early-Access Compensation Popular As Nearly 80% Of Workers Opt For Instant Payouts

Bilflo and Top Echelon Software have partnered to provide a comprehensive solution for staffing agencies and human resources (HR) professionals.The collaboration aims to help these businesses improve contractor management, minimize data-entry errors and expedite payroll processing, the companies said in a Monday (Aug. 21) press release.“This strategic partnership is dedicated to providing an end-to-end solution for your staffing business by elevating your agency’s performance, improving efficiency and delivering exceptional value to your business,” the companies said in the release.By integrating Bilflo’s back-office software solution with Top Echelon’s recruiting software tools for small- to medium-sized businesses (SMBs), businesses can export data seamlessly, according to the release.The integration also enables efficient time tracking by capturing time with mobile-friendly timecards or importing time in bulk, the release said.The integrated platforms also deliver automated payroll and invoicing and real-time reporting, per the release.“Export time to your payroll system, create invoices, deliver them to your clients and send them to your accounting system automatically,” the companies said in the release. “…Access helpful business intelligence and set and track team member goals with performance management features.”In another recent move in the HR space, workforce payments platform Branch launched an online instant payment solution in July. Called Branch Direct, this solution allows companies to pay workers directly to an existing bank account.Given the positive impact instant payments can have on an employee’s cash flow and talent retention, more companies are making it easier for employees to get paid quickly, Branch said when launching the new offering.In February, Finch raised $40 million in a Series B round to grow its employment application programming interface (API). The firm said it will use the capital to extend the API’s coverage to more systems, expand into new employment data verticals, and add to its engineering product and success teams.These moves will expand the capabilities and use of its API that enables access to an organization-wide directory as well as payroll and benefits data

Bilflo And Top Echelon Partner On Solution For Hr Professionals

The Consumer Financial Protection Bureau (CFPB) is suing Walmart and payroll service provider Branch Messenger for alleged illegal payment practices for gig workers.

The Consumer Financial Protection Bureau says Walmart misled delivery workers into using Branch Messenger to get paid.

"Branch offers our team a comprehensive payments platform that not only equips the delivery partner network with faster payments and financial flexibility, but also serves as a trusted partner that can handle our rapid growth."

Fetch Selects Branch To Fuel Fast, Flexible Payments And Loyalty Program

symplr, a provider of enterprise healthcare operations software, announced a partnership integrating award-winning healthcare worker payments technology from Branch, a workforce payments platform.With the integrated pay solution, the symplr Contingent Talent Management (CTM) platform offers healthcare staffing firms automated options along “with free, same-day payments to workers.”Healthcare staffing firms are now “expected to offer same-day payment processing to compete for talent amidst workforce challenges.”But both staffing firms and healthcare workers “continue to be frustrated by complicated payroll systems, inaccurate payroll records, and delays in how quickly workers can access earned wages.”By combining timecard data and payroll processing workflows, symplr has “made it easier for healthcare companies to deliver instant payments to compensate employees for daily hours worked.”Karissa Fuller, Managing Director, Senior Vice President of Workforce Management at symplr said:“We partnered with Branch due to their deep experience, real-time payment solutions, and reputation for customer service. Our partnership helps deliver a smooth implementation process, ongoing support for employers, and an engaging payment experience for employees.”Branch CEO Atif Siddiqi said:“Branch is passionate about creating more flexible, seamless payments experiences for both businesses and their workers, and our integration with symplr does just that. Staffing firms get an easier way to offer a critical benefit while employees get a faster, smoother way to receive their earnings for free. We’re excited to become symplr CTM’s first certified payments partner and enhance the platform’s wide array of configurable tools for recruiting, onboarding, and managing top healthcare talent.”As noted in the update, symplr is a firm focused on enterprise healthcare operations software and services.“Trusted” by leaders for more than 30 years, their solutions “are found in 9 of 10 U.S. hospitals where our cloud-based solutions drive better operations for better outcomes.”Their provider data management, workforce management, compliance, quality and safety, and contract and supplier management solutions “improve the efficiency and efficacy of healthcare operations.”This enables caregivers to quickly handle administrative tasks, so they “have more time to do what they do best: provide high-quality patient care.”As covered, Branch is the workforce payments platform “that delivers faster, more flexible options for people to get paid.”Whether it’s sending earnings to employees or contractors, companies choose Branch because they know that faster payments “can help them strengthen worker loyalty, save time and money, and drive business growth.”Earners that sign up with Branch can “receive a free bank account, instant access to earned wages, rewards, and personal finance tools to help them manage their cash flow between paychecks.”Branch partners with various companies “in healthcare, last-mile delivery, logistics, and restaurants/hospitality.”

Workforce Payments Solutions: Symplr Integrates Branch Instant Pay Solution

CFPB files lawsuit against Walmart and Branch Messenger over alleged payment violations.

CFPB Files Lawsuit Against Walmart and Branch Messenger Over Alleged Payment Violations

Rocket Homes said Monday (Dec. 23) that it “will not rest” until it sees the dismissal of Consumer Financial Protection Bureau (CFPB) allegations that were announced Monday. The CFPB sued Rocket Homes, Jason Mitchell and Mitchell’s real estate brokerage firm, which does business as the Jason Mitchell Group, alleging they each played a role in an illegal kickback scheme. The regulator said in a Monday (Dec. 23) press release that its complaint alleges that the scheme provided incentives to real estate brokers and agents to steer prospective borrowers to Rocket Mortgage and Amrock, which, like Rocket Homes, are affiliates of Rocket Companies

Cfpb Sues Rocket Homes, Alleging Illegal Kickback Scheme

Provides instant payment solutions for businesses

Branch

Provides instant payment solutions for businesses

Branch

Provides instant payment solutions for businesses

About

Simplify's Take

What believers are saying

What critics are saying

What makes Branch unique

6 month growth

1 year growth

2 year growth

Benefits

Recently Posted Jobs

Branch is Hiring for 0 Jobs on Simplify!