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

Branch Overview

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

United StatesMinneapolis, MN

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

Branch funding rounds
DateStageInvestorsRaisedDeal Summary
Apr 2025Series A-$5M-
Mar 2022Series CAddition (lead); Idealab; General Atlantic; Crosscut Ventures; Indeed; Drive Capital$75MBranch 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 2021Series BAddition (lead); HR Tech Investments LLC; Matchstick Ventures; Bonfire Ventures; Crosscut Ventures; Drive Capital$48MBranch 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 2017Series ADaren Cotter; March Capital; Matchstick Ventures; Bonfire Ventures; Crosscut Ventures; Techstars; Act One Ventures; M25$10M-
Jun 2016SeedTechstars (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

Investors in Branch by funding rounds participated
InvestorHQRoundsRoleFirst check
Matchstick VenturesUnited StatesBoulder, CO3ParticipantJun 2016
Crosscut VenturesUnited StatesLos Angeles, CA3ParticipantAug 2017
Daren CotterUnited StatesUnited States2ParticipantJun 2016
AdditionUnited StatesUnited States2LeadAug 2021
Bonfire VenturesUnited StatesLos Angeles, CA2ParticipantAug 2017
TechstarsUnited StatesBoulder, CO2LeadJun 2016
Drive CapitalUnited StatesColumbus, OH2ParticipantAug 2021
March CapitalUnited StatesLos Angeles, CA1ParticipantAug 2017
HR Tech Investments LLCUnited StatesAustin, TX1ParticipantAug 2021
IdealabUnited StatesLos Angeles, CA1ParticipantMar 2022
General AtlanticUnited StatesNew York City, NY1ParticipantMar 2022
IndeedUnited StatesAustin, TX1ParticipantMar 2022
Right Side Capital ManagementUnited StatesSan Francisco, CA1ParticipantJun 2016

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Branch Competitors

Branch competitors include listed companies like Block, PayPal and Paymentus, and private ones like Stripe, Ant Group and Rapyd.

Public and private companies comparable to Branch
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
StripeUnited StatesSan Francisco, CAPrivate$6.9B-$159B23.0x
Ant GroupChinaHangzhouPrivate$25B-$79B3.2x
BlockUnited StatesUnited StatesPublicly listed$24B$2.2B$46B1.6x
PayPalUnited StatesUnited StatesPublicly listed$33B$7.2B$45B1.4x
PaymentusUnited StatesUnited StatesPublicly listed$1.2B$117M$4.6B3.0x
RapydUnited KingdomLondonPrivate$1B-$4.5B4.5x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Block$24B$2.2B1.7x1.6x18.6x9.4x
PayPal$33B$7.2B1.4x1.4x6.6x6.9x
Adyen$3B$1.4B6.5x6.3x13.7x11.9x
Fiserv$21B$8.9B2.5x2.8x6.1x6.4x
LPL Financial$17B$2.2B1.9x1.6x14.8x10.7x
Global Payments$7.7B$3.2B5.4x3.6x13.1x7.8x
Kaspi.kz$9B$3.2B2.0x2.0x5.9x5.3x
Paytm$854M$41M13.8x11.8x288.1x119.6x

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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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