Branch Financial Expands Ohio HQ, Creates 150 New Jobs

Company Name: Branch Financial, Inc.
Location: Columbus
Industry Sector: Financial services
Company Profile: Established in 2017 and headquartered in Columbus, Branch taps into the power of community to bundle home and auto policies, making insurance more accessible and affordable for everyone. As the first reciprocal exchange launched in Ohio in 75 years, the Branch Insurance Exchange is owned by its members and professionally managed by Branch for a low, fixed 5% fee, disintermediating the insurance value chain and creating less expensive insurance for its members. Branch offers customers nearly real-time quotes on home or auto insurance, or both bundled together.
Company Website: www.ourbranch.com 

Project Summary:

• Type of Project: Expansion
• Jobs:
  • Jobs committed: 150
  • Jobs retained: 12
  • Types of jobs: Positions include technology, software development, sales, operations, legal and finance positions.

Company Need:

Branch Financial, Inc. (Branch) is currently available to consumers in five states (Arizona, Illinois, Missouri, Ohio and Texas) and continues to take on investment capital to further scale the business.

Branch is looking to better serve the $370 billion U.S. insurance market insurance market and significantly expand its workforce to prepare the company for major growth in the coming years, allowing them to reach more customers nationwide.

Testimonial:

“We are excited to grow our headquarters in the Columbus Region, which continues to provide us with top-notch talent from the technology and insurance sectors. We will be recruiting to grow our workforce to more than ten times its current size, and our home base in Columbus provides a central location and an experienced talent pool to do so.” – Steve Lekas, co-founder and CEO, Branch

Why Ohio?

Branch plans to expand its headquarters in Columbus, Ohio, where it continues to find excellent talent from the technology and insurance sectors.

Ohio is the No. 5 largest financial services industry in the U.S., and is No. 4 in top  insurance headquarters by assets. The state has a sophisticated, tech-savvy talent pool of over 245,000 financial services professionals, available at half of the cost of coastal locations. 

Collaborators:

One Columbus, JobsOhio, the city of Columbus, and the Ohio Development Services Agency

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