Stitch South Africa - About the company
Stitch South Africa is a seed company based in Riyadh (Saudi Arabia), founded in 2021. It operates as a Provider of a unified platform for building and scaling financial products. Stitch South Africa has raised $10M in funding from investors like Arbor Ventures, Raed Ventures and SVC. The company has 2046 active competitors, including 203 funded and 113 that have exited. Its top competitors include companies like Nubank, Revolut and Monzo.
Company Details
Provider of a unified platform for building and scaling financial products. It offers a technology stack enabling licensed financial institutions to create products ranging from basic ledgers to comprehensive card processing. The platform includes support for multi-currency cards, loan origination, digital wallets, and Islamic credit cards. Regulatory compliance is integrated, covering various jurisdictions. The technology infrastructure supports applications for deposits, loans, cards, payments, and ledgers. Developer-focused features include intuitive APIs and SDKs, ensuring ease of integration and rapid development. The platform prioritizes security and performance, meeting stringent regulatory requirements and delivering fast response times.
Key Metrics
Founded Year
2021
Location
Riyadh, Saudi Arabia
Stage
Seed
Total Funding
$10M in 1 round
Latest Funding Round
Investors
Ranked
388th among 2046 active competitors
Employee Count
135 as on May 31, 2026
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Stitch South Africa's funding and investors
Stitch South Africa has raised a total funding of $10M over 1 round. Its latest funding round was a Seed round on May 28, 2025 for $*****. 5 investors participated in its latest round. Stitch South Africa has 4 institutional investors and 1 angel investor.
Here is the list of recent funding rounds of Stitch South Africa:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
May 28, 2025 | 2905389 | Seed | 8346260 | 7834746 | 1040791 | 8377289 |
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Stitch South Africa's founders and board of directors
Founder? Claim ProfileStitch South Africa's employee count trend
Stitch South Africa has 135 employees as of May 26. Here is Stitch South Africa's employee count trend over the years:
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Stitch South Africa's Competitors and alternates
Top competitors of Stitch South Africa include Nubank, Revolut and Monzo. Here is the list of Top 10 competitors of Stitch South Africa, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of digital banking services, including credit cards and accounts | $2.27B | 89/100 | ||
2nd | Revolut 2015, London (United Kingdom), Series E | Provider of banking solutions for retail customers and businesses | $1.99B | 86/100 | |
3rd |  Monzo 2015, United Kingdom, Series I | Provider of digital banking services including savings accounts and loans | $2.41B | 84/100 | |
4th | Mercury 2017, San Francisco (United States), Series D | Provider of a comprehensive online platform offering a range of financial services | $546M | 83/100 | |
5th |  Chime 2012, San Francisco (United States), Public | Digital bank for individuals | $3.15B | 83/100 | |
6th | Provider of business account, payment cards, and financial management solutions | $717M | 82/100 | ||
7th | Starling Bank 2014, London (United Kingdom), Series D | Provider of digital banking services including savings and payment accounts | $1.01B | 82/100 | |
8th |  Ally 1919, Detroit (United States), Public | Provider of banking, auto finance, investing, and life insurance products | $1.3B | 81/100 | |
9th | Dave 2016, Los Angeles (United States), Public | Developer of a mobile banking application offering financial management tools | $63.6M | 81/100 | |
10th | Brex 2017, San Francisco (United States), Acquired | Provider of financial software platform, cards, banking, expense, and accounting | $1.2B | 81/100 | |
388th |  Stitch South Africa 2021, Riyadh (Saudi Arabia), Seed | Provider of a unified platform for building and scaling financial products | $10M | 33/100 |
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Stitch South Africa's Investments and acquisitions
Stitch South Africa has made no investments or acquisitions yet.
Reports related to Stitch South Africa
Here is the latest report on Stitch South Africa's sector:
News related to Stitch South Africa
•
Saudi VC Joins $10M Seed Round of Fintech Company StitchStartupNews•May 29, 2025•Stitch South Africa, Arbor Ventures, COTU Ventures, Raed Ventures
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