Africa: South Africa's Stitch Raises $55m to Expand Digital Payments Services

Africa: South Africa's Stitch Raises $55m to Expand Digital Payments Services

TLDR

Cape Town-based Stitch, which provides an online payments suite to enterprises, raised a $55M Series B led by QED Investors, bringing its total funding to $107M

PYMNTS.com: Cape Town-based Stitch, which provides an online payments suite to enterprises, raised a $55M Series B led by QED Investors, bringing its total funding to $107M  —  South Africa-based payments infrastructure company Stitch raised $55 million in a Series B funding round to expand its offerings for enterprise merchants.

South Africa's Stitch raises $55 million Series B funding

Stitch, a South Africa-based payments infrastructure startup founded in 2021, has raised $55 million in a Series B round, bringing its  total funding to $107 million within just four years of operation. The funding is aimed at expanding its in-person payment offerings, improving its online payment suite, and facilitating its entry into card acquiring. The $55 million funding round was led by QED Investors, with participation from Norrsken22, Flo…

South Africa’s Stitch Raises $55 Million to Expand Enterprise Payments Infrastructure

Payments infrastructure company Stitch raised $55 million in a Series B funding round to expand its offerings for enterprise merchants.

Stitch plans to ramp up after funding injection

Stitch raises $55 million in Series B funding led by QED Investors, to allow it to expand its in-person payment offering.

Celebrity Comedian Trevor Noah Backs SA Fintech Stitch In USD 55 M Series B

South African fintech Stitch has officially confirmed its USD 55 M Series B round, bringing its total funding to USD 107 M. The raise was led by QED Investors, with backing from Flourish Ventures, Glynn Capital, Norrsken22, and high-profile angels like Trevor Noah. Existing investors Ribbit Capital, PayPal Ventures, The Raba Partnership, and firstminute capital also participated. The announcement, long speculated but only recently confirmed by C…