February 15

Led by Three South African Based Entrepreneurs, Stitch Announces $21 Million Series A

By Victor Oluwole

API fintech company Stitch, today announced a $21 million Series A funding round, led by The Spruce House Partnership. Stitch will use the funding to continue building the future of money movement by linking bank accounts, wallets and other stores of value, creating what it refers to as the “financial graph.” Its payments and data infrastructure enables players across the fintech ecosystem — which is traditionally fragmented by technical, commercial and political barriers — to transact seamlessly, expand their revenue and growth potential, and significantly reduce conversion time and cost.

Photo courtesy of Eric O. IBEKWEM.

Source: Business Insider Africa (link opens in a new window)