Branch International Cuts African Staff Amid Profit

Visa-backed fintech Branch International is reportedly reducing its workforce in Kenya and Nigeria. This move signals a significant trend among African fintech startups, which are now prioritizing profitability, operational efficiency, and long-term sustainability. The company's decision to cut staff, even while achieving a $30 million profit, underscores a strategic pivot towards leaner operations and a focus on core business objectives in the evolving digital lending landscape.