What is Stitch?
Stitch operates a crucial API designed to simplify the creation of new, improved, and more ambitious products for fintech developers across Africa. Established in 2019 and headquartered in Cape Town, South Africa, the company addresses a critical need for robust and accessible financial technology infrastructure. By providing developers with the tools to build sophisticated financial solutions, Stitch is instrumental in accelerating digital transformation and financial inclusion throughout the African continent. Its platform enables seamless integration and development, fostering a more dynamic and competitive fintech ecosystem.
How much funding has Stitch raised?
Stitch has raised a total of $25M across 2 funding rounds:
Angel/Seed
$4M
Series A
$21M
Angel/Seed (2021): $4M with participation from The Raba Partnership, Village Global, Firstminute Capital, and CRE
Series A (2022): $21M led by The Spruce House Partnership
Key Investors in Stitch
Village Global
Village Global VC is an early-stage venture capital firm that supports startups with funding, mentorship, and access to a network of successful entrepreneurs and investors. They invest between $500K and $3M in pre-seed and seed rounds globally, focusing on resourceful founders across various sectors. The firm emphasizes community-building through events, knowledge-sharing, and connections with luminary LPs and industry experts. Their mission is to help entrepreneurs build the next generation of innovative companies.
The Raba Partnership
The Raba Partnership is an investment entity that has participated in Stitch's early-stage funding rounds, indicating a focus on supporting emerging technology companies.
Firstminute Capital
Firstminute Capital is a venture capital firm that invests in early-stage technology companies, providing crucial seed funding and strategic guidance to help startups scale.
What's next for Stitch?
The recent major strategic investment signals a new phase of accelerated growth and product development for Stitch. This substantial backing is expected to fuel the expansion of its API capabilities, enhance its market reach across Africa, and potentially support further strategic partnerships. As Stitch continues to solidify its position as a key enabler for African fintech innovation, this capital infusion will likely be directed towards scaling operations, attracting top engineering talent, and deepening its integration within the regional financial services sector. The company is poised to play an even more significant role in shaping the future of digital finance in Africa.
See full Stitch company page
