Stitch, one of South Africa’s leading fintech infrastructure companies, has successfully raised $55 million in its latest funding round. The capital infusion is set to fuel the company’s expansion efforts, particularly in the development of its API infrastructure designed to enhance financial services integration across Africa.
The funding round saw participation from both existing investors and new stakeholders, showcasing growing confidence in Stitch’s vision to connect the continent’s fragmented financial systems. The company aims to use the funding to scale its operations, introduce innovative products, and strengthen its presence in emerging markets.
Stitch’s mission of empowering businesses with seamless payment solutions aligns with Africa’s rising demand for accessible and efficient financial technology. With this milestone, the company is poised to accelerate financial inclusion across the continent.