← State of Embedded Finance 2026

Branch

Can Branch become the embedded payments and wallet OS for hourly and gig workers by powering payout infrastructure across the platforms and marketplaces that employ them?

Founded2015
HQMinneapolis, Minnesota, USA
Latest roundSeries C
IndustryFintech / SMB banking
The story

Founded as Branch Messenger around 2015 for hourly workforce communication, Branch pivoted to become a workforce payments and financial wellness platform, issuing debit cards and digital wallets to hourly and gig workers. The company evolved further to offer Branch Embedded — an API-first embedded finance layer for platforms and marketplaces — enabling B2B customers to white-label or integrate Branch's worker payout and card infrastructure. The March 2026 Stripe partnership marks a further evolution toward becoming the de facto embedded wallet layer for gig-economy platforms running on Stripe Connect.

Last 12 months
2026-03
2025-12
Product timeline
2015
Branch Messenger founded, initially focused on workforce communication and scheduling for hourly workers.· pivot
2019
Pivoted to workforce payments and financial wellness, launching the Branch digital wallet and debit card for workers.· banking
2022
Expanded embedded finance offering with Branch Embedded, enabling platforms and marketplaces to integrate Branch's wallet and payout infrastructure.· banking
2025
Launched Branch Direct and expanded to custom branded solutions for platforms; added tip pooling, cashless tips, and 1099 contractor payout use cases.· banking
2026
Partnered with Stripe to become the embedded digital wallet provider for worker payouts within Stripe Connect, announced March 25, 2026.· banking
The stack
Payments / PSP
Stripe Issuing
Banking / BaaS
Evolve Bank & Trust
Card issuing
Evolve Bank & Trust
Open banking
Plaid
Sponsor bank
Evolve Bank & Trust, Member FDIC / Lead Bank, Member FDIC
Accounting gap: minor