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Branch raises $48M from Lee Fixel’s Addition, Indeed to provide accelerated payments to workers

August 17, 2021

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Branch, which has built a flexible workforce payments platform, announced today it has raised $48 million in Series B funding and closed on a $500 million credit facility. Lee Fixel’s Addition –– which has also backed the likes of Flipkart, Stripe and Coinbase – led the equity financing while the credit facility was secured in the form of purchased assets from funds managed by Neuberger Berman. Drive Capital, Crosscut Ventures, Bonfire Ventures, Matchstick Ventures, and HR Tech Investments LLC, a subsidiary of Recruit Holdings Co., Ltd. (an affiliate of job…

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Branch raises $48M from Lee Fixel’s Addition, Indeed to provide accelerated payments to workers

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