About Stitch
Stitch is a company based in Cape Town (South Africa) founded in 2019 by Natalie C.. Stitch has raised $108.6 million across 5 funding rounds from investors including PayPal, TrueLayer and 500 Lottery Network. Stitch has completed 2 acquisitions, including Efficacy Payments and ExiPay Technologies. Stitch offers products and services including Online Payments, In-person Payments, and Payouts. Stitch operates in a competitive market with competitors including M2P Fintech, Prime Trust, AuthBridge, Ukheshe and truID, among others.
- Headquarter Cape Town, South Africa
- Founders Natalie C
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$108.6 M (USD)
in 5 rounds
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Latest Funding Round
$55 M (USD), Series B
Mar 25, 2025
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Investors
PayPal
& 45 more
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Employee Count
Employee Count
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Investments & Acquisitions
Efficacy Payments
& 1 more
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Products & Services of Stitch
Stitch offers a comprehensive portfolio of products and services, including Online Payments, In-person Payments, and Payouts. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for secure online transaction processing
API for point-of-sale payment collection
System for automated refunds and disbursements
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Funding Insights of Stitch
Stitch has successfully raised a total of $108.6M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $55 million completed in March 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series B — $55.0M
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First Round
First Round
(24 Feb 2021)
- Investors Count 46
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2025 | Amount | Series B - Stitch | Valuation | QED Investors , Glynn Capital | |
| Oct, 2023 | Amount | Series A - Stitch | Valuation | Ribbit Capital | |
| Jan, 2022 | Amount | Series A - Stitch | Valuation | Spruce House Investment Management |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Stitch
Stitch has secured backing from 46 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include PayPal, TrueLayer and 500 Lottery Network. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm investing in tech sectors
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Founded Year | Domain | Location | |
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Venture capital fund investing in early-stage start-ups
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Founded Year | Domain | Location | |
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Investments are directed toward early and late-stage tech companies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Stitch
Stitch has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Efficacy Payments and ExiPay Technologies. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Payment processing under unified platform with API-enabled POS integrations
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2021 | ||||
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Online payments solutions for businesses
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Stitch
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Stitch Comparisons
Competitors of Stitch
Stitch operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as M2P Fintech, Prime Trust, AuthBridge, Ukheshe and truID, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Banking, lending, and payment solutions are provided via custom APIs.
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| domain | founded_year | HQ Location |
Cloud-based AML and banking API solutions are provided for institutions.
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| domain | founded_year | HQ Location |
Identity verification, employee screening, and due diligence platforms are provided.
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| domain | founded_year | HQ Location |
End-to-end electronic payment solutions, including hardware and software, are provided.
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| domain | founded_year | HQ Location |
Open banking API solutions are provided for financial institutions.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Stitch
Frequently Asked Questions about Stitch
When was Stitch founded?
Stitch was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is Stitch located?
Stitch is headquartered in Cape Town, South Africa. It is registered at Cape Town, Western Cape, South Africa.
Is Stitch a funded company?
Stitch is a funded company, having raised a total of $108.6M across 5 funding rounds to date. The company's 1st funding round was a Series A of $22.6M, raised on Feb 24, 2021.
What does Stitch do?
Founded in 2019 in Cape Town, South Africa, Stitch operates in the fintech sector by offering open banking API solutions. Integration with existing banking infrastructure is enabled, allowing API access to bank accounts. Customers are facilitated in linking their accounts, with services providing access to account data, balances, transactions, and additional financial information for institutions.
Who are the top competitors of Stitch?
Stitch's top competitors include M2P Fintech, AuthBridge and Prime Trust.
What products or services does Stitch offer?
Stitch offers Online Payments, In-person Payments, and Payouts.
How many acquisitions has Stitch made?
Stitch has made 2 acquisitions, including Efficacy Payments, and ExiPay Technologies.
Who are Stitch's investors?
Stitch has 46 investors. Key investors include PayPal, TrueLayer, 500 Lottery Network, Ribbit Capital, and The Raba Partnership.
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