Branch International, one of the largest digital financial services provider in Kenya and across Africa, has announced the repayment of its 3rd commercial paper of KES. 500M and the issuance of a 4th note of an equivalent amount.
Branch is a key player in the Kenya digital lending space. The firm issues tens of thousands of loans per day and has so far disbursed about Kshs. 30 in Kenya alone. According to the firm, 60 percent of the loans issued are used for small business startups and investment in existing businesses.
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“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. As we scale our services in Kenya, we welcome regulation of our sector and looking forward to working with the Kenya Government on this initiative.”