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.
 
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. 

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