Smartphone App-based Startup Branch Set To Operate In India

Smartphone App-based Startup Branch Set To Operate In India

  • San Francisco-based startup Branch International, a mobile app-based lender with operations in Africa and Latin America, launched in India this month.
  • Branch offers customers personal loans from Rs 500 to Rs 50,000 through its Android app and is one of the first recipients of the Reserve Bank of India’s (RBI’s) mobile-only Non-Banking Financial Company (NBFC) license in India.
  • By relying solely on the data from a user’s mobile device, Branch is able to tap into an underserved market, including those who are self-employed or part of the informal sector, yet very creditworthy.
  • ” said Matt Flannery, Co-Founder and CEO of Branch International and Co-Founder of Kiva.


Next Story
Share it
Top
To Top