Stitch Raises $10 Million Seed to Extend Services to Emerging Markets
Stitch, the unified platform for launching and scaling financial products, today announced the successful closing of a $10 million seed round. The Saudi Arabia headquartered company attracted investments from leading investors, including Arbor Ventures, COTU Ventures, Raed Ventures, and SVC. The round has also had participation from various family offices and industry veterans, including Marqeta’s founder Jason Gardner and Abdulmalik AlSheikh, who previously led the establishment of critical payment networks such as mada and Sadad in the KSA. The funding will accelerate Stitch’s growth to transform financial infrastructure in the region.
Photo courtesy of Andrea Piacquadio.
Source: Wamda (link opens in a new window)
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