Branch, a Visa-backed fintech that provides micro-lending services, has laid off an undisclosed number of employees in Kenya and Nigeria.

Branch International, a San Francisco-headquartered fintech, has laid off an undisclosed number of employees in Kenya and Nigeria.

Branch, a Visa-backed fintech that provides micro-lending services, has laid off an undisclosed number of employees in Kenya and Nigeria.

Branch International has laid off employees in Kenya and Nigeria despite reporting a $30 million profit, signalling a growing shift among African fintech startups toward leaner…