Branch, a workforce payments platform, recently announced the closing of a $75M funding round led by Addition. Other participants in the Series C round included General Atlantic, Drive Capital, Crosscut Ventures, and Indeed. The company intends to use funds for expansion in its existing segments, including Trucking, Logistics, Last-Mile Delivery, and Restaurants, and to penetrate new verticals like Construction, Hospitality, and Fitness. The expansion comes as the company’s platform revenue grew by 700% year-over-year.
Branch closes $75 million Series C to expand accelerated workforce payments