Loan app offered N9b to SMEs in two years
An instant loan app, Branch International, has offered about N9 billion to Small Medium Enterprise (SMEs) in Nigeria to boost economic growth, especially in the informal sector. For easy access to financial services, the app enables customers to borrow between N1000 and N200, 000 using their smart phone. According to the firm, customers can borrow…
Branch International partners Foundation Capital, Visa to raise $170m financing
Branch International in collaboration with Foundation Capital and Visa, has announced a new global partnership and investment from Visa (NYSE: V) to raise $170 million series C financing for people unreached by banks.
Branch International facilitates N1 billion loan in Nigeria
Branch International, an emerging digital financial platform, has facilitated about N1 billion worth of loans for users of its innovative solutions in Nigeria. The firm, which started operations in the country’s financial-technology industry last year, said despite the proliferation of Fintech operators, it has successfully distinguished its activities as providers of trusted financial services. According…