Stitch Raises $25 Million Series A to Expand Unified Payments and…

Team S · 2026-05-14T14:19:53.000Z

🇿🇦 South African fintech startup Stitch has raised $25 million in a Series A funding round as the company scales its unified payments and financial infrastructure platform across the African market. The round was led by Ribbit Capital with participation from existing investors including PayPal Ventures, The Raba Partnership, Firstminute Capital, CRE Venture Capital, and Village Global. Founded by Kiaan Pillay, Priyen Pillay, and Junaid Dadan, Stitch provides API-based financial infrastructure that enables businesses to integrate payments, bank connectivity, payouts, and financial services into their platforms. The company has emerged as one of Africa’s fastest-growing fintech infrastructure startups by helping enterprises simplify online payments and financial operations through developer-friendly APIs. Stitch currently works with major enterprise clients across sectors including e-commerce, telecommunications, mobility, insurance, and financial services. Its platform supports multiple payment methods, real-time bank payments, card processing, recurring payments, and open banking integrations across several African markets. The newly raised capital will be used to deepen product capabilities, expand into additional African countries, strengthen enterprise partnerships, and scale engineering and compliance operations. The company is also investing heavily in payment reliability, fraud prevention systems, and financial infrastructure tooling as digital commerce adoption accelerates across the continent. The funding highlights growing investor confidence in Africa’s fintech infrastructure sector, where startups building API-driven payment rails, banking connectivity, and embedded finance systems are becoming foundational layers for the region’s digital economy. As online transactions and mobile payments continue rising rapidly across Africa, infrastructure-focused fintech companies are attracting significant global venture capital interest.

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Stitch Raises $25 Million Series A to Expand Unified Payments and… | Newnex