- Saudi-based Stitch announces completion of a $10 million Seed round to support the Kingdom’s fintech services.
- The round saw participation from prominent investors including Arbor Ventures, COTU Ventures, Raed Ventures, SVC, and a number of family offices and financial sector veterans.
- The company plans to use the funding to expand its team and strengthen its digital platform.
Stitch, the Saudi fintech platform, has successfully closed a $10 million Seed investment round.
The company serves as a technology partner for banks, fintech firms, and non-financial institutions looking to integrate and scale their financial services.
About the Round
The Seed round attracted participation from several major investment funds, including Arbor Ventures, COTU Ventures, Raed Ventures, and SVC, alongside family offices and seasoned industry professionals such as Jason Gardner, founder of Marqeta, and Abdulmalik Al-Sheikh, a key contributor to the development of national payment networks like Mada and SADAD.
Stitch intends to channel the funds into team expansion and platform enhancement, further solidifying its position as a trusted financial infrastructure provider in the region.
About Stitch
Founded in 2022, Stitch offers API-driven solutions that enable institutions to launch banking and payment products more rapidly by removing the hurdles of legacy systems.
The company began operations in Saudi Arabia and the UAE, and has since expanded into Africa, starting with the Kenyan market.
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