Stitch Raises $10M to Expand Fintech Services in Emerging Markets
The Saudi-based fintech will use the funding to expand into high-growth regions including East Africa.
Saudi-based fintech infrastructure provider Stitch has raised $10 million in an extension of its Series A funding round. The round was led by investors Arbor Ventures, COTU Ventures, Raed Ventures, and SVC.
Founded in 2022, Stitch offers APIs that allow businesses to build and scale financial products, including tools for account linking, payment initiation, identity verification, and financial data access.
Launched initially for Saudi Arabia and the UAE, Stitch has attracted interested in East Africa in countries such as Kenya, and plans to use the new funds to further develop its end-to-end payments suite and expand into additional markets across Africa and the Middle East.
According to the company, this latest investment will support its geographic expansion, product development, and hiring efforts, with a particular focus on improving user onboarding and payment reliability in underserved markets.
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