Wednesday, July 23, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home News Africa News

Branch secures $5 million Funding, to Boost Its Services in Kenya

Tech Gist Africa by Tech Gist Africa
07/30/2019
in Africa News, News
0 0
0
Branch secures investment funding

Photocredit: reuters.com

0
SHARES
Share on FacebookShare on Twitter

Branch, an International micro-lending with operations in Africa has secured $5 million funding. They plan to leverage this fund to boost lending services in Kenya and also grow its product portfolio.

This new funding totals the number of funds raised by Branch locally to over $14.4 million that is KES 1.5 billion.  The new fund also complements the $163.1 million Branch raised earlier in 2019 from top international investors like the World Bank Group’s International Finance Corporation, Visa, Foundation Capital, Trinity Ventures and Andreessen Horowitz.

Dan Karuga, the East Africa General Manager for Branch said that with the high rate of smartphone adoption in emerging markets, Branch is uniquely positioned to leverage its advanced use of data science to underwrite and provide credit and other financial services to more customers than ever before.”


See also: Farmcrowdy Group Unveils Impact-Driven Project Platform Crowdyvest


Teresia Muthoni, Barium Capital’s Managing Director said, “Our investor base continues to be keen to be part of Branch’s growth story and we’re proud to have secured them an opportunity to do so”.

Branch’s is one of the early-stage companies to issue commercial paper. It is also one of the first early-stage startups to successfully secure funds in the local market. The company is in operations across, Nairobi, Kenya,  San Francisco, Mumbai, Mexico City, and Lagos, Nigeria.

 

More on TechGist Africa:

  • Farmcrowdy Group Unveils Impact-Driven Project Platform Crowdyvest
  • Nigerian-based Social Lender Makes MIT Inclusive Innovation Challenge Regional Finalist List
  • Egypt’s Fawry to list on Egyptian Stock Exchange at EGP 6.46 per Share
  • Germany Africa Business Forum set to invest in African Energy Startups
  • Paradise Gaming Launches EdTech and Video Game Center in West Africa
ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

Related Posts

telecommunications
Mobile networks

Cameroon Fines MTN and Orange $4.6 Million for Poor Service Delivery

by Tech Gist Africa
07/11/2025
0

Cameroon’s telecom regulator has issued fines totaling approximately 2.6 billion CFA francs (around US $4.6 million) to MTN Cameroon and Orange...

Read more
Cerebrium South Africa

Cerebrium, a South African AI startup raises $8.5 million seed funding

07/11/2025
Aria Ventures Egypt

Aria Ventures Launches $1 Million Fund to Boost Deep‑Tech Investment in Egypt

07/10/2025
BuuPass QuickBus Kenya

BuuPass, a Kenyan mobility startup has secured strategic funding from Yango Ventures

07/10/2025
Complete Farmer Ghana

Complete Farmer, a Ghana-based agritech company Raises $2.5 Million

07/09/2025
Next Post
Flutterwave forms partnership with Alibaba

Flutterwave Partners Alipay to boost Payments between Africa and China

Camatica mood recognizing AI

South Africa’s Camatica Launches facial recognition software, Mood Analytics

Big 5 Daily

Farmcrowdy Group Unveils Impact-Driven Project Platform Crowdyvest, Flutterwave Partners Alipay to boost Payments between Africa and China and More

No Result
View All Result

The Big 5

Africa Tech

Tech Diplomacy: How Africa is Leveraging Technology for International Relations and Development

by Tech Gist Africa
07/21/2025
0

...

Media and Entertainment

How African Technology is Changing the Face of Media, Entertainment, and Digital Content

by Tech Gist Africa
07/14/2025
0

...

Ecobank

Ecobank, Google Partner to Boost Financial Inclusion and Innovation Across Africa

by Tech Gist Africa
07/08/2025
0

...

AWIEF

AWIEF 2025 Awards Nominations Now Open to Celebrate Africa’s Top Women Entrepreneurs

by Tech Gist Africa
07/08/2025
0

...

Google for Startups Accelerator Africa

15 African AI startups Selected for Google for Startups Accelerator Africa

by Tech Gist Africa
07/08/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.