Stitch Raises $25M Series A Led by Andreessen Horowitz
The funding will expand product development and go-to-market operations as Stitch reports more than $5 billion transacted on its platform in six months.
- Riyadh-Headquartered Stitch announced today it raised $25 million in Series A funding led by Andreessen Horowitz, marking the investor's first investment in the GCC and bringing Stitch's total funding to $35 million.
- Financial institutions globally run on fragmented, legacy infrastructure that should have been left behind 20 years ago, creating infrastructure debt that now blocks AI adoption. Institutions lack the clean, reliable system of record needed for modern technology.
- "We built Stitch to fix that," said Mohamed Oueida, CEO of Stitch. The platform delivers unified, cloud-native modules for lending, cards, and payments, allowing institutions to modernize without ripping out existing systems.
- Stitch operates across the GCC, Africa, and Southeast Asia, serving customers including Raya Financing, LuLu Exchange, Noqodi, and Foodics. More than $5 billion has been transacted on the platform in the last six months.
- The fresh capital will accelerate product development and expand Stitch's go-to-market operations across the MENA region. "We're excited to support them," said Alex Rampell, General Partner at Andreessen Horowitz.
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Hastings Tribune
Stitch Raises $25M Series A Led by Andreessen Horowitz
RIYADH, Saudi Arabia & DUBAI, United Arab Emirates--(BUSINESS WIRE)--May 14, 2026-
Fintech firm Stitch secures $25m in Series A round
Financial technology company Stitch has closed a $25m Series A funding round led by Andreessen Horowitz, also known as a16z. The transaction is a16z’s first investment in the GCC and takes Stitch’s total funding to $35m. Arbor Ventures, COTU Ventures, Raed Ventures and SVC, which had previously backed the company, also joined the round. Andreessen Horowitz general partner Alex Rampell said: “Financial institutions are sitting on decades of in…
a16z Leads $25M Stitch Round After $5B Flows Through Saudi Fintech Infrastructure Stack
Key Takeaways: Stitch raised up $25 million in its Series A round led by Andreessen Horowitz (a16z), the first venture to invest in Stitch in Saudi Arabia According to reports, Stitch has processed more than $5 billion worth of transactions on its platform over the past six months, which saw revenue increase by 20 times in the year 2025 The company is working on the API-based infrastructure to enable the launch of tokenized, and AI-ready, finan…
Stitch Raises $25M Series A Led by Andreessen Horowitz - Global News Network Liberia
In a16z’s first investment in the GCC, the Riyadh-based fintech positions itself as the unified infrastructure layer for financial institutions worldwide Stitch, the operating system built for modern financial institutions, today announced it has raised $25 million in Series A funding led by Andreessen Horowitz (a16z). The investment marks a16z’s first in the GCC and brings Stitch’s total funding to $35 million. In addition to a16z, existing inv…
Latest News Stitch Raises $25M Series A Led by Andreessen Horowitz
Business Wire India Stitch, the operating system built for modern financial institutions, today announced it has raised $25 million in Series A funding led by Andreessen Horowitz (a16z). The investment marks a16z’s first in the GCC and brings Stitch’s total funding to $35 million. In addition to a16z, existing investors Arbor Ventures, COTU Ventures, Raed Ventures, and SVC also participated in the round. This press release features multimedia.…
The investment is the first in the Gulf region for the Riyadh-based fintech startup Andreessen Horowitz (a16z), which is a unified platform for the technical infrastructure of financial institutions worldwide. Riyadh, May 14, 2026 – Stich, the developer of an operating system designed for modern financial institutions, announced the closing of a $25 million Series A funding round led by Andreessen Horowitz, the fintech startup known as (a16z). T…
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