Image via TechPoint Africa
Branch: Layoffs
Branch laid off staff despite posting $30M in profit, indicating potential strategic restructuring or operational efficiency drive
Source: TechPoint Africa
The leadership read
Workforce moves like this mark the contracting side of fintech hiring conditions.
Market context: Backdrop: a 98.6 (Neutral) Talent Market Index (down 1.4 on the month) with Americas activity easing (-2.6pts).
Branch: 1 signal in the last 90 days — in line with the Fintech median of 1 across 110 tracked companies; 0.1% of MitchelLake's Americas signal flow.
MitchelLake in this thematic
From the MitchelLake archive
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Partnership · Americas
Affirm →Affirm partnered with Esusu, a FinTech company, to allow eligible renters to split monthly rent payments as BNPL expands beyond shopping into liquidity management and recurring bill payments.
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Thunes →Thunes is accelerating US growth and expansion backed by Series D funding, opening a strategic New York City hub with owned-and-operated regulatory licenses across every state and territory.
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