MINNEAPOLIS, MN, Branch, a workforce payments platform, has closed a Series C funding round totaling $75 million led by Addition.
Branch, a workforce payments platform, has closed a Series C funding round totaling $75 million. The round, led by Addition, includes participation from leading global growth equity investor General Atlantic along with return investors Drive Capital, Crosscut Ventures, and Indeed, among others.
Branch helps businesses accelerate payments to empower working Americans. Businesses turn to Branch for a more cost-effective, faster way to pay employees and independent contractors and reduce the costs of paper checks and paycards. Workers that sign up with Branch can receive a zero-fee bank account, free instant access to earned wages, and personal finance tools to help them manage their cash flow between paychecks. Branch partners with some of the nation's leading payroll and workforce technologies to support companies in retail, restaurant, logistics, manufacturing, and healthcare.
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