November 8

South Africa API Fintech Stitch Expands to Nigeria; Extends Seed Round to $6 Million

By Tom Jackson

South African API fintech startup Stitch has extended its seed round to US$6 million from the US$4 million announced earlier in the year, and at the same time confirmed its expansion into Nigeria.

The Stitch API allows developers to connect apps to financial accounts within minutes, allowing their users to share their transaction histories and balances, confirm their identities, and initiate payments.

This tooling allows companies to innovate with new and improved services including personal finance, lending, insurance, payments and wealth management. Stitch also enables fintechs to work with traditional financial institutions in a safer and more compliant way.

Photo courtesy of John O’Bryan.

Source: Disrupt Africa (link opens in a new window)

financial inclusion, fintech, startups