Stitch Stitches Up $55M To Connect African Payments

🧵 That’s Stitch!

• Stitch? is a South African fintech company that helps businesses handle pay-ins and financial data through one API.

• They just secured $55M in a Series B round to expand their reach across the continent.

• Investor check. Ribbit Capital led the investment, with participation from several global venture firms.

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💸 Clearing the Hurdles

• Moving money between different banks and digital wallets in Africa is often slow and complicated.

• Stitch is working to fix these fragmented systems so businesses can grow without hitting payment walls.

• It’s about making money movement as simple as possible for merchants and their customers.

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🛠️ Built for the Ground

• The team offers a tool, like APIs, that handles bank transfers, card payments, and debit orders in a single integration.

• They’ve already signed on major enterprise clients and are processing millions in transactions.

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🚀 Moving Forward

• The $55M will help Stitch enter new markets and add more currency options to their platform.

• They also plan to build out their product suite to help global companies operate more easily in Africa.