Where is Stitch located?

Stitch is headquartered in Cape Town, South Africa.

Who is the current CEO of Stitch?

Kiaan Pillay of Stitch. They have also founded 1 company and are an angel investors in 1 startup.

How many employees does Stitch have?

As of Mar 31, 2026, the latest employee count at Stitch is 181.

Is Stitch a funded company?

Stitch is a funded company, having raised a total of $109M across 6 funding rounds to date. The company's 1st funding round was a $***** Series A round.

When was the latest funding round of Stitch?

Stitch's latest funding was a $***** Series B round on Mar 25, 2025, with participation from 9 investors. Its primary sector is Banking Tech. In South Africa, the Banking Tech sector has seen $36.8M in funding in 2026 to date.

Where does Stitch rank among its competitors?

Stitch ranks 2nd amongst 125 active competitors, of which 14 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Chexy, which secured $10.2M in Mar, 2026.

Who are the top competitors of Stitch?

Stitch's top competitors include Ripple, Form3 and Allied Payment. Among them, Chexy secured the most recent funding round in March, 2026.

Stitch - 2026 Company Profile, Team, Funding & Competitors

Stitch is a series B company based in Cape Town (South Africa), founded in 2019 by Kiaan Pillay, Natalie C and Priyen Pillay. It operates as a Provider of payment gateway and API products for online payments. Stitch has raised $109M in funding from investors like QED Investors, Glynn Capital and Ribbit Capital. The company has 125 active competitors, including 14 funded and 12 that have exited. Its top competitors include companies like Ripple, Form3 and Allied Payment.

Company Details

Provider of payment gateway and API products for online payments. The company offers tools for in-person payments via an API and terminal management system. It facilitates payouts, payment orchestration, and various payment methods. The company provides solutions for unified commerce, collections, and account top-ups. It also offers card acquiring and embedded fraud solutions.

Website: stitch.money
Social
Email ID: *****@stitch.money

Key Metrics

Founded Year

2019

Location

Cape Town, South Africa

Stage

Series B

Total Funding

$109M in 6 rounds

Latest Funding Round

Series B, Mar 25, 2025, $*****

Investors

QED Investors & 57 more

Ranked

2^nd among 125 active competitors

Employee Count

181 as on Mar 31, 2026

Investment & Acquisitions

Efficacy Payments & 2 more

Similar Companies

Ripple & 132 more

View Stitch's full profile

Stitch has raised a total funding of $109M over 6 rounds. Its latest funding round was a Series B round on Mar 25, 2025 for $*****. 9 investors participated in its latest round. Stitch has 30 institutional investors and 28 angel investors.

Here is the list of recent funding rounds of Stitch:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 25, 2025	8747879	Series B	4349660	8880000	8809282	5324234
Oct 03, 2023	2001977	Series A	4569766	2429727	1222219	CRE Venture Capital & 2 more
Jan 26, 2022	1851578	Series A	1154432	2142086	Spruce House Investment Management	TrueLayer & 11 more

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View details of Stitch's funding rounds and investors

The founders of Stitch are Kiaan Pillay, Natalie C and Priyen Pillay. Kiaan Pillay is the CEO of Stitch.

Here are the details of Stitch's key team members:

Kiaan Pillay: Co-Founder / CEO of Stitch and founder of 1 other company. They are also an angel investor in 1 startup.
Natalie C: Co-Founder & CTO of Stitch. They are also an angel investor in 1 startup.
Contact Info: 1 email address
Priyen Pillay: Co-Founder & CPO of Stitch and founder of 1 other company.

View details of Stitch's Founder profiles and Board Members

Stitch's employee count trend

Stitch has 181 employees as of Mar 26. Here is Stitch's employee count trend over the years:

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Top competitors of Stitch include Ripple, Form3 and Allied Payment. Here is the list of Top 10 competitors of Stitch, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Ripple 2012, San Francisco (United States), Series D	Provider of blockchain and digital asset solutions for financial institutions	$853M	China Growth Capital, AME Cloud Ventures ... & 100 others	81/100
2nd	Stitch 2019, Cape Town (South Africa), Series B	Provider of payment gateway and API products for online payments	$109M	Glynn Capital, Ribbit Capital & 56 others	69/100
3rd	Form3 2016, London (United Kingdom), Series C	Provider of cloud-based merchant acquiring solutions for banks	$278M	83NORTH, Molten Ventures & 31 others	67/100
4th	Allied Payment 2010, Fort Wayne (United States), Acquired	Payment processing solutions for banks & credit unions	$9.11M	Plymouth Growth, RF Investment Partners & 1 others	60/100
5th	Incedo 2011, Santa Clara (United States), Funding Raised	Provider of AI and data transformation services and platform solutions	-	Mission Holdings	60/100
6th	Infinant 2021, Charlotte (United States), Series A	Provider of a platform for banks to manage accounts and payments	$20M	FINTOP, JAM FINTOP & 4 others	59/100
7th	Chexy 2022, Toronto (Canada), Series A	Rent payment with credit builder solution for tenants	$14.1M	Khosla Ventures, Venrex & 8 others	59/100
8th	Canopy 2015, London (United Kingdom), Seed	Credit building tool and an alternative to tenancy deposits for renters	$12.4M	West Hill Capital, Vision Blue Ireland & 19 others	58/100
9th	Tassat 2017, New York City (United States), Series B	Blockchain-based solutions for the financial solutions sector	$78.6M	HashKey Capital, gCC & 5 others	57/100
10th	Souhoola 2019, Cairo (Egypt), Unfunded	Provider of app-based consumer finance platform for merchant payment management	-	-	56/100

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Stitch has made 1 investment in Thepeer and acquired Efficacy Payments and ExiPay Technologies.

Here is the list of these investments and acquisitions:

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Jul 09, 2025	Acquisition	Efficacy Payments	2016	Cape Town (South Africa)
Jan 27, 2025	Acquisition	ExiPay Technologies	2021	Nicosia (Cyprus)
Jun 22, 2022	Investments	Thepeer	2021	Lagos (Nigeria)