Prime

Facebook-linked mobile lender raises Sh200m for M-Pesa loans

Branch has disbursed Sh4bn through M-Pesa. FILE PHOTO | NMG

By  DAVID HERBLING

Branch, a Facebook-linked mobile phone lending app, has raised Sh200 million by issuing a commercial paper.

The Silicon Valley start-up will use the funds to grow its loan book.

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Note: The results are not exact but very close to the actual.

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