The emerging markets finance provider secured $170m in a round that was co-led by Visa, which is also collaborating with it on a virtual credit card scheme.

Payment services firm Visa and venture capital firm Foundation Capital co-led a $170m series C round for US-headquartered financial services app developer Branch International yesterday.

The round included online lending platform CreditEase and International Finance Corporation (IFC), the private investment arm of the World Bank, as well as Andreessen Horowitz, Trinity Ventures, Formation 8, Victory Park Capital, Greenspring Associates, Foxhaven Asset Management and B Capital.

Branch runs a mobile-focused financial services platform with 3 million customers that has been tailored…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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