TLG Capital yesterday announced its exit from Branch Nigeria, an investment made through its Credit Opportunities Fund (TLG COF).

Branch supports customers traditionally neglected by large financial institutions; its average loan size is $22 and average tenor is 36 days. The company uses an algorithmic, machine-learning approach via its smartphone app to determine potential customers’ creditworthiness. Branch Nigeria is a fully owned subsidiary of Branch Inc, a (Delaware-registered, ...