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- Branch
Branch Funding, Investors & Competitors
Branch has raised $138M across 5 funding rounds, most recently a $5M Series A in April 2025.
Last Branch funding round
$5M
Series A · Apr 2025
Cumulative funding Branch raised
$138M
across 5 funding rounds
Key investors in Branch
Crosscut Ventures
Matchstick Ventures
Techstars
Drive Capital
Bonfire Ventures
Addition
Daren Cotter
Right Side Capital Management
About Branch
Branch is a payments platform enabling businesses to offer instant wage access and digital wallets to employees. Miami-headquartered and founded in 2019, the service integrates with payroll providers like ADP and Gusto for on-demand payouts without employer pre-funding. Features include fee-free ATM withdrawals, bill pay, and savings tools accessible via a mobile app. Branch processes transactions across 48 states, partnering with Green Dot for banking infrastructure.
Founded
2015
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Commission
Branch Funding History
Branch has raised a total of $138M across 5 funding rounds.
Branch's first fundraising round was a $100K seed round in June 2016. The most recent completed round was a $5M Series A in April 2025.
Branch funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Apr 2025 | Series A | - | $5M | - |
| Mar 2022 | Series C | Addition (lead); Idealab; General Atlantic; Crosscut Ventures; Indeed; Drive Capital | $75M | Branch is a Minneapolis-based workforce payments platform that enables businesses to accelerate payments to W-2 employees and 1099 independent contractors through instant digital payouts of wages, tips, and other compensation, alongside free earned wage access, zero-fee banking, and paycard alternatives. It partners with major companies including Uber Freight, Kelly, Walmart Spark, Flashtract, and Tippy across sectors like trucking, logistics, last-mile delivery, restaurants, retail, manufacturing, and healthcare to reduce payroll costs, automate processes, and provide financial wellness tools such as expense management cards, business debit cards, and cashback rewards programs. On March 9, 2022, Branch closed a $75 million Series C funding round led by Addition, with participation from new investor General Atlantic and returning investors Drive Capital, Crosscut Ventures, Indeed, and others. This followed a Series B round just six months prior. The company declined to disclose its valuation or specific revenue figures but reported over 2,000% growth in the last three years, 700% year-over-year platform growth in 2021, and workforce payments platform revenue growth exceeding 700% over the last year. Recognized on the Deloitte Technology Fast 500 as one of North America's fastest-growing companies, Branch plans to use the funds to expand into new verticals like construction, hospitality, and fitness while doubling its fully remote headcount. Branch's digital wallet serves as the core of its offerings, with one in four users adopting it as their primary account, and the company aims to build additional cash flow management tools. CEO Atif Siddiqi emphasized faster payments' role in financial growth for workers, while Addition founder Lee Fixel highlighted Branch's traction with large enterprises. The platform has earned awards including a Webby for Best Financial Services, Fintech Breakthrough, and Great Place to Work certification. |
| Aug 2021 | Series B | Addition (lead); HR Tech Investments LLC; Matchstick Ventures; Bonfire Ventures; Crosscut Ventures; Drive Capital | $48M | Branch raised $48M in a Series B-II funding round on August 17, 2021, led by Addition with participation from Bonfire Ventures, Crosscut Ventures, Drive Capital, HR Tech Investments LLC, and Matchstick Ventures. The company operates in the HR tech or fintech space, based in Columbus, with total funding accumulating to around $609M across multiple rounds. The company continued fundraising with a Series C in February 2022 and smaller rounds later. |
| Aug 2017 | Series A | Daren Cotter; March Capital; Matchstick Ventures; Bonfire Ventures; Crosscut Ventures; Techstars; Act One Ventures; M25 | $10M | - |
| Jun 2016 | Seed | Techstars (lead); Daren Cotter; Matchstick Ventures; Right Side Capital Management | $100K | - |
Who has invested in Branch?
15 investors have backed Branch across its funding rounds, including Crosscut Ventures, Matchstick Ventures, Techstars, Drive Capital, Bonfire Ventures and Addition.
Lead investors include Addition and Techstars.
Branch Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Participant | Jun 2016 | ||
| 3 | Participant | Aug 2017 | ||
| 2 | Participant | Jun 2016 | ||
| 2 | Lead | Aug 2021 | ||
| 2 | Participant | Aug 2017 | ||
| 2 | Lead | Jun 2016 | ||
| 2 | Participant | Aug 2021 | ||
| 1 | Participant | Aug 2017 | ||
| 1 | Participant | Aug 2021 | ||
| 1 | Participant | Mar 2022 | ||
| 1 | Participant | Mar 2022 | ||
| 1 | Participant | Mar 2022 | ||
| 1 | Participant | Jun 2016 | ||
This data is available for Pro users. Sign up to see all 15 Branch investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialBranch Competitors
Branch competitors include listed companies like Block, PayPal and Paymentus, and private ones like Stripe, Ant Group and Rapyd.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $6.9B | - | $159B | 23.0x | ||
| Private | $25B | - | $79B | 3.2x | ||
| Publicly listed | $24B | $2.2B | $46B | 1.6x | ||
| Publicly listed | $33B | $7.2B | $45B | 1.4x | ||
| Publicly listed | $1.2B | $117M | $4.6B | 3.0x | ||
| Private | $1B | - | $4.5B | 4.5x |
Branch Public Comps
Branch is still privately-owned, but its public comps include Block, PayPal, Adyen, Fiserv, LPL Financial, Global Payments, Kaspi.kz, Paytm, Edenred and BGC Group.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $24B | $2.2B | 1.7x | 1.6x | 18.6x | 9.4x | |||
| $33B | $7.2B | 1.4x | 1.4x | 6.6x | 6.9x | |||
| $3B | $1.4B | 6.5x | 6.3x | 13.7x | 11.9x | |||
| $21B | $8.9B | 2.5x | 2.8x | 6.1x | 6.4x | |||
| $17B | $2.2B | 1.9x | 1.6x | 14.8x | 10.7x | |||
| $7.7B | $3.2B | 5.4x | 3.6x | 13.1x | 7.8x | |||
| $9B | $3.2B | 2.0x | 2.0x | 5.9x | 5.3x | |||
| $854M | $41M | 13.8x | 11.8x | 288.1x | 119.6x | |||
This data is available for Pro users. Sign up to see all Branch competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Branch
| When was Branch founded? | Branch was founded in 2015. |
| Where is Branch headquartered? | Branch is headquartered in Minneapolis, MN, United States. |
| Is Branch publicly listed? | No, Branch is a private, VC-backed company. |
| How much funding has Branch raised? | Branch has raised $138M across 5 funding rounds. |
| What was Branch's last funding round? | Branch's last funding round was a $5M Series A in April 2025. |
| Who are Branch's investors? | Branch's investors include Matchstick Ventures, Crosscut Ventures, Daren Cotter, Addition, Bonfire Ventures, Techstars, Drive Capital, March Capital, HR Tech Investments LLC, Idealab and 5 others. |
| Which companies are comparable to Branch? | Companies comparable to Branch include Stripe, Ant Group, Block, PayPal, Paymentus and Rapyd. |
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