News from the Wire

Bungii adopts Branch to streamline, accelerate payments

Wednesday, February 08, 2023 — 12:50:44 (EST)

KANSAS CITY, MO and MINNEAPOLIS, MN — February 8, 2023 — Bungii, the fast-growing platform for big and bulky last-mile delivery, today announced it has adopted leading workforce payments platform Branch to streamline the payments experience for its growing network of drivers. Drivers that sign up with Bungii will onboard with Branch to receive fast, easy access to payments.

Proudly serving in 50 major metros across 500 U.S. cities, Bungii offers same-day delivery services to fulfill all retail and commercial delivery needs. With thousands of drivers on its platform and plans to quadruple fleet size over the next year, Bungii selected Branch as its preferred driver payments solution to support the company’s rapid expansion as it continues to scale. Branch makes it simple to pay contractors in a single click by offering Bungii the ability to easily bank new drivers so that they can get paid day one.

“Branch simplifies payments onboarding for both our drivers and operations teams by banking workers within seconds—this not only eliminates the need to manually enter bank-routing information, but also allows us to provide an engaging work and payments experience, without any extra work from our team,” said Mark Vanderweide, VP of Product at Bungii. “It not only improves the lives of our drivers—who benefit from faster payments and improved cash flow—but it’s saved us time and money right off the bat. We went from paying three percent or more each month (with our previous solution) to a free solution that practically automated the hours we previously dedicated to driver payments.”

With the rise of the gig economy, workers everywhere are expecting more from companies. Savvy companies, like Bungii, recognize that the worker’s experience of pay is key to attracting, engaging, and retaining the best talent. With Branch, businesses can instantly pay contractors at zero cost to their company or workforce, build loyalty, and scale more efficiently.

“As the expectations of today’s workforce continue to increase, companies must deliver faster access to pay, equitable financial tools, and meaningful rewards that empower working Americans and help them grow financially,” said Branch founder and CEO Atif Siddiqi. “We’re excited to partner with Bungii to create a compelling driver payments experience as they continue to rapidly expand across the country.”

Backed by a fee-free business checking account, the Branch Card enables contractors to save, spend, or send earnings anywhere they like. Available on iOS and Android, the Branch Card not only eliminates overdraft fees and minimum balance requirements, but also offers cashback rewards on everyday purchases and free ATM access at more than 55,000 locations across the U.S. Contractors that sign up with Branch can receive payments through the Branch Wallet and can add their Branch Card to Apple Pay or Google Pay to use their earnings right away.

About Bungii

Awarded Silicon Prairie's Startup of the Year, Bungii is a tech-enabled delivery platform that unlocks same day, last mile, large item delivery capabilities to drive incremental sales and increase customer satisfaction. Our platform is an extension of our partners logistics networks for large item, same-day delivery. Services include residential and commercial delivery, and reverse logistics. Our advanced algorithms and unparalleled commitment to driver excellence delivers an industry leading experience. To learn more about unlocking on-demand delivery for your business, visit bungii.com

About Branch

Branch is the leading workforce payments platform that partners with businesses to accelerate payments and empower working Americans. Companies can make contractor payments instantly and automate reporting through Branch’s digital wallet and optional debit card, creating a more streamlined, uniform payments experience. Independent contractors that sign up with Branch can receive a zero-fee bank account, faster payments for completed jobs, rewards, and personal finance tools to help them manage their cash flow. Branch allows companies to reduce payroll costs, recruit and retain talent, support independent contractors with free financial services, and remove logistical burdens and cash flow concerns. Branch has been honored with a Webby Award — Best Financial Services, Fintech Breakthrough Award, Gartner Eye on Innovation: Financial Services, Star Tribune’s Top Workplaces in Minnesota, and Great Place to Work Certification. To learn more about Branch, visit www.branchapp.com.

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Source: Company press release.