This fortifies the company’s commitment to growth and its subsequent increase in workforce in India.
Since its entrance into the Indian market in 2019, the firm has disbursed more than Rs. 1.21 billion in loans. Adding Sucheta Mahapatra as MD-India is another step towards solidifying its hold in India’s microfinance industry.
Mahapatra is an IIM-Ahmedabad alumnus with more than 15 years of experience across industries. She has held leadership positions at WeWork, Airtel, and Bain in the past.
Her responsibilities in the new role include driving business strategy, raising capital, and building the company’s presence in India.
“Branch, with its proven technology, has an unparalleled opportunity to unlock a mobile-first suite of personal finance products for over a billion Indians. I am excited and privileged to be part of this journey,” said Mahapatra.
“We are looking at momentous growth in the coming months, and are working closely towards our global mission to deliver world-class financial technology services to the mobile generation. With Sucheta at the helm of the Indian team, we are confident that her experience and expertise will enable us to reach our goals faster,” said Branch International CEO Matthew Flannery.
With more than four million customers and $500 million in loans disbursed across the world, Branch International improves access to credit for potential borrowers, especially to users who do not have access to credit lines from traditional institutions. Its machine learning algorithms determine the creditworthiness of borrowers using more than 30 parameters from the smartphone.