Stitch raises $25M Series A extension led by Ribbit Capital, increasing the round’s total to $46M
- South African fintech Stitch has raised $25 million in an extension round of funding led by Ribbit Capital.
- Stitch focuses on enabling businesses to build, optimize, and scale financial products and providing API gateways to improve online payments.
- The company plans to use the funding to continue developing its platform, expanding its customer base, and serving new markets.
The funding raised by Stitch will help the company further establish itself as a market leader in the payments segment. With its focus on enabling businesses to build and optimize financial products, Stitch is well-positioned to meet the evolving needs of its enterprise clients. The strong support from investors like Ribbit Capital demonstrates confidence in Stitch's growth potential and its ability to create value in the fintech industry.
