Stitch Bags $55M Investment to Expand Enterprise Payments and Acquiring Solutions Across Africa
Stitch, a prominent South Africa-based FinTech company, has successfully raised $55 million in a Series B funding round to enhance its full-stack payments infrastructure. This significant investment highlights Stitch’s commitment to revolutionizing digital payments for large-scale enterprises.
Funding Details and Investors
According to TechBuild Africa, the Series B round was spearheaded by QED Investors, with contributions from notable firms such as Flourish Ventures, Norrsken22, and Glynn Capital. Existing investors, including Ribbit Capital, PayPal Ventures, and Firstminute Capital, also participated in this funding round, alongside high-profile angel investors like Trevor Noah. This latest influx of funds increases Stitch’s total funding to $107 million over the past four years.
Stitch’s Payment Solutions
Stitch operates a comprehensive payment platform that is tailored for both online and in-person transactions, particularly for large enterprise clients. The company has established a strong reputation for addressing the intricate payment needs of enterprise merchants. Some of the key services offered by Stitch include:
- Fraud Prevention: Advanced tools to safeguard transactions.
- Customization: Tailored solutions for specific business requirements.
- Technical Support: Ongoing assistance to ensure smooth operations.
- Built-in Redundancies: Features to enhance payment reliability.
Expansion Plans
The newly acquired funds will be utilized to expand Stitch’s in-person payments capabilities, venture into the acquiring space, and enhance its online payments suite. The company is focused on delivering a complete payment stack that addresses the full lifecycle of card products and various money movement needs. This expansion builds on Stitch’s 2025 acquisition of ExiPay, which marked its entry into in-person payments.
Supported Payment Methods
Stitch’s platform accommodates a wide array of local and global payment methods, including:
- Credit and Debit Cards
- Bank-to-Bank Payments
- Apple Pay
- Google Pay
- Capitec Pay
- DebiCheck
- EFT
Stitch’s services cater to major omnichannel enterprises, with a client roster that includes leading brands such as Takealot, Mr. D, MTN, Vodacom, Standard Bank’s Shyft, TFG’s Bash, Hollywoodbets, Luno, and The Courier Guy.
Statements from the Leadership
The Stitch team expressed their enthusiasm about the current market position, stating, “We’re super excited and proud to be where we are in the market today. We feel we’ve earned the right to work with clients across the board – not just for online or in-person payments, but with any money movement needs. It felt like the right time to more aggressively expand our offering so we can further serve our clients.”
Gbenga Ajayi, partner and head of Africa and the Middle East at QED Investors, commended Stitch for its rapid growth and execution, noting, “Stitch has consistently delivered world-class payment solutions, empowering global merchants with seamless, reliable, and innovative experiences. Their ongoing expansion from a PSP to a comprehensive payments partner is a testament to their ability to anticipate market needs and execute at scale.”
Recent Innovations
Earlier in 2025, Stitch launched Express, a streamlined online checkout solution aimed at e-commerce platforms like Shopify and WooCommerce.
Since emerging from stealth mode in February 2021, Stitch has made significant strides, raising a total of $107 million, including previous rounds such as a $4 million seed round and a $21 million Series A.
For more information about Stitch and its innovative payment solutions, visit their official website at Stitch.
