“The banking infrastructure in the U.S. is so robust and complete,” says Schwark Satyavolu, the general partner at Trinity Ventures who led the round for his firm. Meanwhile, Branch, he says, “seems like an application of Silicon Valley tech to create financial services. But it’s substantially more interesting, because Branch is doing it in emerging markets where you don’t have a robust stack or credit bureaus or information that’s nearly as rich or as deep as in the Western world.”

https://techcrunch.com/2018/03/28/this-young-lending-startup-just-secured-70-million-to-lend-2-at-a-time/