New Investments
SA Fintech Startup Stitch Announces $25m in Series A Extension Round
Stitch, a leading fintech startup in South Africa, has announced a $25 million Series A extension round led by Ribbit Capital.
The funding will be used to accelerate the company’s growth, expand its product offerings, and enter new markets.
Stitch was founded in 2021 and has quickly become one of the fastest-growing fintech startups in Africa.
Stitch was founded in 2021 and has quickly become one of the fastest-growing fintech startups in Africa.
The company provides a suite of API-based payment solutions that enable businesses to accept, manage, and disburse payments online and offline.
“We’ve known the Ribbit team for a few years and have consistently been impressed with their knowledge of the space. In particular, they have a strong view of the global landscape, and their exceptional understanding of emerging markets has already proven to be immensely valuable,” said Stitch co-founder and CEO Kiaan Pillay.
Stitch’s clients include some of the largest companies in Africa, such as MTN, Multichoice, and Luno.
The Series A extension round is a significant milestone for Stitch and a testament to the company’s strong growth potential.
The Series A extension round is a significant milestone for Stitch and a testament to the company’s strong growth potential.
Related Articles
Register Now
Empower Africa Times Newsletter
Share :
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
You may also like...
Addis Ababa EV Startup Dodai Secures $4 Million in Series A Funding
Ethiopian electric vehicle (EV) startup Dodai has raised $4 million in its Series A funding round, marking a significant milestone for the company and the Ethiopian startup ecosystem.
March 15, 2024
Applications Open for Timbuktoo HealthTech Accelerator Program Offering $100K to Transform Healthcare in Africa
Applications Open for Timbuktoo HealthTech Accelerator Program Offering $100K to Transform Healthcare in Africa
August 29, 2024
Nigerian Fintech Bujeti Raises $2 Million to Scale its All-in-One Corporate Card and Expense Management Platform
Nigerian fintech startup Bujeti has secured $2 million in seed funding to scale its all-in-one corporate card issuance and expense management platform.
December 9, 2023
