What Happened

Branch International, a Visa-backed fintech, laid off employees in Kenya and Nigeria despite posting a $30M global profit in 2025. The layoffs were announced during a global all-hands meeting, with affected employees losing access to company systems immediately. Branch stated the cuts were part of operational adjustments, not financial distress.

Who Is Affected

The layoffs impacted employees across various departments, though the exact number was not disclosed. Many affected workers were operating remotely, making the reductions less visible. Affected employees received termination notices effective immediately and lost access to company systems and emails.

Market Impact

• Reflects a broader shift in African fintech towards profitability and lean operations.
• Highlights growing investor pressure for sustainable returns.
• Indicates a move away from aggressive expansion fueled by venture capital.

What to Watch

Monitor Branch’s operational adjustments and their impact on market presence. Watch for similar moves by other African fintechs prioritizing profitability. Keep an eye on investor sentiment and funding trends in the region.