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Industries
Fintech
Financial Services
Company Size
201-500
Company Stage
Series C
Total Funding
$652.6M
Headquarters
Minneapolis, Minnesota
Founded
2015
Branch provides a fintech platform that lets businesses offer workers instant access to their earnings with flexible payout options like instant, daily, or on-demand payments. It integrates with payroll data so workers can withdraw earnings as soon as they are earned, without requiring large pre-funding or upfront deposits. It differentiates itself with no/pre-funding payouts, a range of payout choices, and industry features such as cashless tips and a paycard alternative for quicker access to earnings. Its goal is to help businesses attract and retain talent by giving workers faster, more flexible access to pay while keeping costs and operations simple.
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Total Funding
$652.6M
Above
Industry Average
Funded Over
6 Rounds
Industry standards
Health Insurance
Dental Insurance
Vision Insurance
Remote Work Options
Company Equity
401(k) Retirement Plan
Unlimited Paid Time Off
Paid Holidays
Paid Parental Leave
Branch, a workforce financial infrastructure provider, has expanded its Embedded 1099 payouts solution to include end-to-end tax filing capabilities. The system now combines contractor onboarding, payments and tax filing into a single platform, handling W-9 collection, IRS verification, earnings tracking and 1099 form submission. GigSmart, managing over two million workers, is the first marketplace to adopt the new offering. The platform automates Tax Identification Number verification throughout the year, then submits 1099 forms to federal and state authorities during tax season whilst delivering copies to workers. The solution aims to help platforms balance fast contractor payments with compliance requirements. Branch CEO Atif Siddiqi said the system provides both reliable payouts and tax filing capabilities in one scalable platform purpose-built for contractor-centric businesses.
Branch expands Embedded 1099 payouts with end-to-end tax filing capabilities. Managing contractor payments is complex. Platforms today are expected to deliver fast, flexible payouts while also navigating the operational and compliance requirements that come with supporting large 1099 workforces, from onboarding and tax verification to year-end filing. At Branch, Branch Messenger Inc. has built its infrastructure to simplify the movement of money for modern workforces. Today, Branch Messenger Inc. is taking that a step further. Branch Messenger Inc. is expanding its Embedded 1099 payouts solution to include end-to-end tax filing capabilities, bringing contractor onboarding, payments, earnings tracking, and 1099 filing into a single, unified system. With this launch, platforms can reduce operational overhead, strengthen compliance, and deliver a more seamless experience for the workers who rely on them. GigSmart, a leader in workforce technology serving more than 2 million workers, is the first to adopt this new offering, demonstrating how platforms can scale contractor operations without added complexity. GigSmart becomes first marketplace to adopt new offering, unifying contractor onboarding, payments, and tax filing. TAMPA, FL - Branch, the leading provider of workforce financial infrastructure, today announced new offerings to its Branch Embedded 1099 payouts solution with the addition of 1099 tax filing capabilities. This evolution positions Branch as the end-to-end 1099 payout solution for platforms with large contractor workforces, combining fast, reliable payments with the critical infrastructure needed for W-9 collection, IRS verification, earnings tracking, and seamless 1099 form filing. The Branch Embedded 1099 payouts solution brings contractor onboarding, payments, and tax filing capabilities into a single, integrated system, giving platforms the speed and solutions they need to optimize the worker experience while reducing operational overhead. GigSmart, a leader in hourly workforce management solutions, is the first platform to leverage Branch's new offering and provide contractors with quick onboarding, fast payout options, clear visibility into their earnings, and timely delivery of tax forms at year-end. "At GigSmart, we're building a platform that works seamlessly for over 2 million workers and the businesses that rely on them," said Mitch Catino, Founder & COO at GigSmart. "Fast, reliable payouts and other tools for workers to manage their money with confidence are essential to that experience. Branch's payouts infrastructure allows us to deliver this at scale and ensure a great experience for our customers." With the new offering, marketplaces and platforms can automate W-9 collection, quickly verify Tax Identification Numbers, and set rules for handling verification failures. Branch tracks all earnings paid through its platform and enables organizations to incorporate additional earnings data as needed, creating a single source of truth for contractor income throughout the year. During tax season, platforms simply review and approve their filing data while Branch submits 1099 forms to federal and state authorities and delivers digital or physical copies to workers, with full support for additional states and corrections. "Platforms have long had to balance the need for fast contractor payments with the complexities of maintaining strong compliance," said Atif Siddiqi, founder and CEO at Branch. "This new offering gives them both fast, reliable payouts and tax filing capabilities in one scalable system purpose-built for contractor-centric businesses." Disclaimer: The information provided above is for general informational purposes only and should not be considered professional tax advice. Tax laws and regulations can be complex and vary based on your circumstances and location. Branch Messenger Inc. recommend consulting a licensed tax professional or financial advisor for advice. The materials on branchapp.com are for informational purposes only and subject to its terms of use and privacy policy. Branch does not provide legal, financial, tax or insurance advice. About Branch. Branch provides workforce financial infrastructure, helping businesses and platforms manage the flow of worker payments and the operational processes surrounding them. Companies use Branch to power the movement of earnings to employees and independent contractors - including wages, tips, reimbursements, and other payouts - through financial technology that integrates into existing systems. Beyond facilitating payouts, Branch offers tools that support operational workflows connected to workforce payments. These tools help companies streamline processes, reduce manual work, and support administrative and compliance efforts. Branch powers workforce payments and financial services for many of the nation's leading companies and platforms across hospitality, marketplaces, platforms, vertical SaaS, workforce management systems, and staffing industries. About gigsmart. GigSmart is a Denver-based workforce technology platform that gives businesses across hospitality, food & beverage, retail, warehouse & manufacturing, transportation & logistics, stadiums & large events, facility services, restoration, construction & landscaping, and senior care a central hub to manage and scale their labor. Powered by AI-driven matching technology, GigSmart connects companies to over 2 million active workers nationwide through three integrated solutions: G-Force for workforce management and scheduling, G-Flex for on-demand temporary labor, and G-Board for permanent hiring. Companies use GigSmart to optimize labor costs, fill shifts faster, and build flexible workforces that scale with demand. For more information, visit gigsmart.com/business.
Branch, a workforce financial infrastructure provider, has integrated with Stripe to offer an embedded digital wallet for worker payouts. The integration allows companies to launch customisable digital wallets and branded debit cards via Stripe Issuing for drivers, contractors, marketplace sellers and frontline workers. The Branch-powered wallet, integrated into Stripe Connect, enables instant payouts and provides fee-free banking options and cash-back rewards. The solution requires minimal API integration and no pre-funding, with Stripe Connect managing fund flows. "As the embedded wallet option within Stripe Connect, Branch enables businesses to elevate their payout experiences seamlessly whilst delivering meaningful value to workers," said Atif Siddiqi, Branch founder and CEO. The integration aims to help companies increase worker engagement and retention without additional support costs.
A new era of platform payouts: Branch is now Stripe's Embedded Digital Wallet for Worker Payouts. Today marks a major milestone for Branch: Branch Messenger Inc. has partnered with Stripe to become the embedded digital wallet provider for worker payouts within Stripe Connect - a validation of its vision that workforce payments deserve world-class infrastructure, and a powerful new way for platforms and marketplaces to turn instant payouts into a retention and engagement engine. Whether paying drivers, contractors, marketplace sellers, or frontline teams, Branch's digital wallet solutions help workers access funds instantly while unlocking rewards and everyday financial tools that help them keep more of what they earn. Read the full details below. For more information, visit https://www.branchapp.com/stripe or visit the Branch booth at Stripe Sessions April 29-30, 2026. Branch Integrates with Stripe To Offer New Embedded Digital Wallet for Worker Payouts Platforms and marketplaces using Stripe Connect can launch Branch's digital wallet to enable fast, low-cost payouts and worker rewards March 25, 2026 - Branch, a leading provider of workforce financial infrastructure, today announced its integration with Stripe to become the new embedded digital wallet provider for worker payouts. Companies now have an easy way to launch a customizable digital wallet and branded debit card experience via Stripe Issuing. Whether paying drivers, contractors, marketplace sellers, or frontline teams, Branch's digital wallet solutions help workers access funds instantly while unlocking rewards and everyday financial tools that help them keep more of what they earn. "Stripe has built one of the most powerful ecosystems for platforms and marketplaces, and its decision to integrate Branch into Stripe Connect underscores the rising demand for digital wallets and flexible payout options," said Atif Siddiqi, founder and CEO of Branch. "As the embedded wallet option within Stripe Connect, Branch enables businesses to elevate their payout experiences seamlessly while delivering meaningful value to workers." A worker-focused digital wallet automates instant payouts and delivers fee-free banking options and cash-back rewards that support workers' everyday needs. The branded offering can help companies increase engagement and retention, without adding support costs. Integrated into Stripe Connect's infrastructure, the Branch-powered digital wallet requires minimal API lift and no pre-funding. Stripe Connect handles the flow of funds. "This integration allows platforms to manage complex payouts through Branch's digital wallet while providing workers with branded cards powered by Stripe Issuing," said Sateesh Srinivasan, Product and Business Lead for Money Management. "Platforms can give contractors faster access to their earnings while simplifying how payouts and spending are managed in one system." With this new integration, Branch strengthens its position as the digital wallet of choice for scaling enterprises, delivering flexible, cost-efficient solutions that transform how money moves between companies and the people who power them. For more information, visit https://www.branchapp.com/stripe or visit the Branch booth at Stripe Sessions April 29-30, 2026. About Branch Branch provides workforce financial infrastructure, helping businesses and platforms manage the flow of worker payments and the operational processes surrounding them. Companies use Branch to power the movement of earnings to employees and independent contractors - including wages, tips, reimbursements, and other payouts - through financial technology that integrates into existing systems. Beyond facilitating payouts, Branch offers tools that support operational workflows connected to workforce payments. These tools help companies streamline processes, reduce manual work, and support administrative and compliance efforts. Branch powers workforce payments and financial services for many of the nation's leading companies and platforms across hospitality, marketplaces, vertical SaaS, workforce management systems, and staffing.
Branch has been recognized as one of the fastest growing companies and productivity partners in the nation by Deloitte and Inc.
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Industries
Fintech
Financial Services
Company Size
201-500
Company Stage
Series C
Total Funding
$652.6M
Headquarters
Minneapolis, Minnesota
Founded
2015
Find jobs on Simplify and start your career today