South African fintech startup Stitch has announced a US$25 million Series A extension round led by Ribbit Capital, which will be used to continue building out its end-to-end payments solutions, and expand to additional markets. The Stitch payments API and tools reduce the effort required for businesses across sectors to connect to the financial system and deliver delightful experiences for their users. The startup raised US$6 million seed funding in 2021, and quickly moved on to Series A with a US$21 million round in February of last year. Since then it has expanded its offering, launching the Stitch payments suite, and WigWag, a no code payment links platform for small businesses. Stitch has now announced a US$25 million extension to that Series A round, taking total funding secured by the company to US$52 million.

Source: The North Africa Journal October 04, 2023 18:02 UTC