Branch Restructures Operations in Kenya and Nigeria

San Francisco-based fintech company, Branch International, has announced layoffs in its Kenyan and Nigerian operations. The move comes despite the firm reporting a profitable year with approximately $30 million in global earnings for 2025.

While Branch declined to disclose the exact number of affected employees, sources confirm that multiple staff members have been impacted across both countries. According to an internal communication viewed by TechCabal, those who lost their jobs will receive severance packages including at least four months’ compensation and continued health insurance coverage through year-end 2026.

Branch emphasized that the decision was not financially driven, citing profitability in all markets and significant cash reserves. The company noted that its Kenyan and Nigerian businesses both generated profit last year, with no debt across its African entities.

“This was a strategic move to streamline our operations for long-term sustainability,” Branch stated. “We remain committed to serving our customers in Africa through innovative financial solutions.”

Founded in 2015, Branch has grown into one of the continent’s leading app-based lenders with over 13 million users and $1.8 billion in loans issued across multiple countries. In 2022, the company expanded its services by acquiring a majority stake in Century Microfinance Bank in Kenya.