Company type | Private |
---|---|
Industry | Fintech |
Founded | 2019 |
Founders | Kiaan Pillay, Priyen Pillay, Junaid Dadan |
Headquarters | , |
Area served | Africa |
Website |
stitch |
Stitch is a fintech company operating in Africa providing open banking and payment products. [1] [2] [3] The company's headquarters are located in Cape Town, South Africa. [4]
In 2019, Stitch was founded in Cape Town, South Africa as Stitch Money. [5]
In February 2021, Stitch raised $4 million in seed funding. The firm was initially focused on enabling businesses to access user financial accounts to view financial data. [6] [7]
In April 2021, the company began piloting its first payments product – Pay-ins. [8]
In October 2021, the company raised a $2 million seed extension and announced expansion into Nigeria. [9] [10]
In February 2022, Stitch raised $21 million in Series A funding, led by New York-based long-term investment firm The Spruce House Partnership, for its API infrastructure and embedded finance platform. [11] [12] [13]
In April 2022, Stitch launched LinkPay – the first payments API in Africa that tokenizes user financial accounts. [14] [15] [16] [17]
In June 2022, Stitch launched its Payouts product, enabling businesses to send money – including payments to customers, vendors, suppliers, and employees. [18]
Company type | Private |
---|---|
Industry | Fintech |
Founded | 2019 |
Founders | Kiaan Pillay, Priyen Pillay, Junaid Dadan |
Headquarters | , |
Area served | Africa |
Website |
stitch |
Stitch is a fintech company operating in Africa providing open banking and payment products. [1] [2] [3] The company's headquarters are located in Cape Town, South Africa. [4]
In 2019, Stitch was founded in Cape Town, South Africa as Stitch Money. [5]
In February 2021, Stitch raised $4 million in seed funding. The firm was initially focused on enabling businesses to access user financial accounts to view financial data. [6] [7]
In April 2021, the company began piloting its first payments product – Pay-ins. [8]
In October 2021, the company raised a $2 million seed extension and announced expansion into Nigeria. [9] [10]
In February 2022, Stitch raised $21 million in Series A funding, led by New York-based long-term investment firm The Spruce House Partnership, for its API infrastructure and embedded finance platform. [11] [12] [13]
In April 2022, Stitch launched LinkPay – the first payments API in Africa that tokenizes user financial accounts. [14] [15] [16] [17]
In June 2022, Stitch launched its Payouts product, enabling businesses to send money – including payments to customers, vendors, suppliers, and employees. [18]