Open finance continues to be a significant theme in the world of fintech as businesses tap APIs to access customers’ financial accounts and provide a gamut of integrated and embedded financial services. In the latest development, Stitch one of the prominent players building and operating these APIs in Africa confirmed to TechCrunch that it has raised $21 million in Series
A South African startup that’s building software infrastructure for the continent’s growing fintech sector has raised about R319 million in a round led by New York’s Spruce House Partnership.
RIYADH: Stitch, the South African financial infrastructure building startup, has raised $21 million. Its funding round was led by New York's Spruce House Partnership along with other investors including PayPal Ventures, Truelayer, and Village Global. The money will be used to expand into new African fintech markets. The startup, which was set up in 2019, builds financial
South African-based fintech API startup Stitch has sealed a $21 million Series A funding round led by The Spruce House Partnership, with investments from TrueLayer and PayPal Ventures among others.