Matthew Flannery, CEO and Founder, Branch International

We entered the India market in 2019 and so far, we have disbursed over 1.21 Billion INR in loans to users across all 29 states.

Dec 22, 2020 02:12 IST India Infoline News Service

As the CEO and co-founder, Matt is responsible for driving strategy, building the global team panning three continents, raising capital and ensuring that the word about the service reaches the right audience. Branch currently operates in four countries with offices in San Francisco, Lagos, Nairobi, Mumbai and Bengaluru. Branch has dispensed over $500 million in loans to over 4 million borrowers since inception in 2015. Matt is a Stanford graduate with degrees in Symbolic Systems and Philosophy.
In an interaction with Shweta Papriwal, Editor, indiainfoline.com, Matthew Flannery, CEO and Founder, Branch International, said, "Our Mission is to Deliver World Class Financial Services in Emerging Markets". 
What is Branch App? The growth story of Branch International?
 
Branch is a machine-learning enabled mobile financial services to emerging markets with the purpose of unlocking financial access to billions of underserved people around the world. The customer-centered service offers fast, fair and flexible lending without late fees, rollover fees, or restrictions on how the money is spent.
 
Branch was founded in 2015 by Daniel Jung and Matthew Flannery. With operations across India, Nigeria, Kenya and Tanzania, Branch has disbursed over $500 Mil to 4 million borrowers around the world in the last 5 years. The app has been downloaded over 20 million times and has an average user rating of 4.3.
 
We entered the India market in 2019 and so far, we have disbursed over 1.21 Billion INR in loans to users across all 29 states. In India, Branch is the only solution for users to get access to their free credit score and report. 
 
What is the future plans of BranchApp?

Branch currently over nano loans and free credit score to its users. We will be expanding our offerings in India to include wallets, bill payments, salary loans and savings products.
 
What is the mission & vision of Branch International?

Our Mission is to Deliver World Class Financial Services in Emerging Markets.
We aspire to be a full-service digital bank in each market. By launching new products in addition to lending, we will forge long-lasting relationships with our customers, who are the aspiring middle class.
 
How Branch App is different from other players?

Unlike traditional institutions, Branch gives people an opportunity to build credit despite limited credit history by assessing creditworthiness based on the data captured from customers’ smartphones. Branch’s algorithms process thousands of data points to create personalized loan
options in a matter of seconds.
 
How is the brand bringing evolution in the Indian market?

Branch comes with the unique proposition of giving loans to users who are otherwise not accepted by the traditional banks. In emerging markets, especially among the growing youth population this becomes a perpetual problem. Take for instance, a credit card industry which has only about 3% penetration in a large country like India. The acceptance rates of credit cards are based on a person’s credit history and one cannot build adequate healthy credit history early in their lives. Branch helps give financial assistance to this growing Indian user base who are otherwise unable to get access through traditional financial services. In addition to this the fast pace of getting a quick loan seamlessly and having the benefits and flexibility of repayments empowers users to make smoother and better decisions. 

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