Senior Software Engineer, Platform
Branch$160,000 - $170,000/year
- Full Time
- Senior (5 to 8 years)
About Branch
Branch offers flexible and instant payment solutions for businesses and their workers, allowing immediate access to earnings instead of traditional fixed payroll schedules. Its platform provides various payout options, including instant, daily, or on-demand payments, which are particularly beneficial for independent contractors. Additionally, Branch includes services like cashless tips payouts and a paycard alternative, making it easier for employees to access their pay. The company aims to empower workers with financial control while helping businesses attract and retain talent.
Minneapolis, MinnesotaHeadquarters
2015Year Founded
$148.5MTotal Funding
SERIES_CCompany Stage
Fintech, Financial ServicesIndustries
201-500Employees
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Remote Work Options
Company Equity
401(k) Retirement Plan
Unlimited Paid Time Off
Paid Holidays
Paid Parental Leave
Risks
CFPB lawsuit could damage Branch's reputation and lead to financial penalties.
Failure to deliver 'instant access' to pay could undermine customer trust.
Reliance on partnerships like symplr and Fountain poses risks if partners face difficulties.
Differentiation
Branch offers instant, flexible payment solutions unlike traditional fixed-schedule payroll systems.
Branch provides cashless tips payouts, beneficial for the hospitality industry.
Branch's paycard alternative allows employees access to pay without a traditional bank account.
Upsides
Integration with symplr taps into the healthcare staffing market with same-day payments.
Partnership with Fountain streamlines payment onboarding, enhancing operational efficiency for businesses.
Branch Direct enhances cash flow and talent retention with direct payments to existing bank accounts.
Funding
Total raised$148.46 M
Latest valuation$375.00 M
StageSERIES_C
SERIES C
2/28/2022$75
$375.00 MSERIES B
7/31/2021$48
$240.00 MDEBT
7/31/2021$500
LATE VC
3/31/2021$20
$97.50 MSERIES A
7/31/2017$10
$50.00 MN/A
$600.0 K