Branch announces free unlimited money transfers, investment returns of 20%

One of Africa’s big finance apps, Branch has announced that it is offering free unlimited money transfers and record investment returns of 20 percent per year. With over 23 million downloads, Branch is one of the most popular lending apps in the world.

Branch has said its two new services of unlimited free money transfer is unmatched amongst today’s finance apps and the 20 percent per year investment returns amongst Nigeria’s highest.

These new offerings complement instant loans of up to N500,000, free bill pay, airtime top ups, and other existing services found within the app. Taken together, customers can now use a single app to manage their money with unmatched value. “Finding the best deal when it comes to your money can be overwhelming. We have made it simple. Compare our 20 percent returns and free money transfers to see how Branch is better than your bank” says Dayo Ademola, managing director of Branch Nigeria.

Branch’s unlimited free transfers to recipient bank accounts have no hidden fees or restrictions. Most financial apps today charge a transfer fee or cap the number of free transfers.

Unlike other investment platforms where the money is locked for a fixed period, our customers can withdraw their investments after a 24- hour period. Branch’s 20 percent per annum return is paid weekly.

Investments through the Branch app are channeled into low risk financial instruments with capital preservation as the ultimate goal. Branch also forfeits its commissions to customers in order to provide returns that are amongst Nigeria’s highest.

To further encourage new customer trials, Branch is offering a limited time additional incentive: for each deposit of N300 or more using the wallet, customers receive a N50 bonus - up to N6,000 in bonuses per year.

Branch is licensed by the Central Bank of Nigeria as a Finance Company and authorised to provide services such as credit and fund management.

Over 23 million people have installed Branch’s app with a 4.4 star rating by over 300,000 reviews on Google Play. Branch is backed by some of the world’s biggest investors, including Andreessen Horowitz (early backers of Facebook & Twitter) and Visa.

Since 2018, Branch has provided over three million loans to Nigerians and is now expanding to offer 20 percent investments and free money transfers.

In addition to Nigeria, Branch International has offices in Kenya, India, and Silicon Valley. Founded in 2015, its mission is to provide world-class financial services to the mobile generation.

The Branch app is available on Android devices and can be downloaded on the Google Play Store.