By Kelvin Osa Okunbor
A new entrant in the financial services sector Branch has announced a free unlimited money transfer scheme for Nigerians qualifying it as Nigeria’s leading investment returns pegged at 20 per cent.
According to its Managing Director, Dayo Ademola, the operator is Africa’s leading finance app invites Nigerians to compare and save.
With over 23 million downloads, Branch, Ademola said is one of the most popular lending apps in the world with its app now offering two new noteworthy services:
Describing it as an unlimited money transfer scheme, it is unmatched amongst today’s finance apps with 20 per cent per annum investment returns.
According to Ademola, the new offerings complement instant loans up to N500,000, free bill pay, airtime top-ups, and other existing services found within the app.
Taken together, he said customers can now enjoy a single app to manage their money with unmatched value.
Speaking on the value offering, Ademola said: ” Finding the best deal when it comes to your money can be overwhelming. We have made it simple. Compare our 20 per cent returns and free money transfers to see how Branch is better than your bank.
“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% 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 as well as Visa.
Since 2018, Branch has provided over three million loans to Nigerians and is now expanding to offer 20 per cent investments and free money transfers.
“With over 23 million downloads, Branch is a leading finance app that provides Nigerians access to instant loans, free money transfers, bill payment, and an investment platform that offers a 20 per cent interest rate per annum, all in one place. 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.”
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