South Africa’s Stitch Raises $55 Million to Expand Enterprise Payments Infrastructure

Cape Town-based Stitch, which provides an online payments suite to enterprises, raised a $55M Series B led by QED Investors, bringing its total funding to $107M

PYMNTS.com: Cape Town-based Stitch, which provides an online payments suite to enterprises, raised a $55M Series B led by QED Investors, bringing its total funding to $107M  —  South Africa-based payments infrastructure company Stitch raised $55 million in a Series B funding round to expand its offerings for enterprise merchants.

South Africa's Stitch raises $55 million Series B funding

Stitch, a South Africa-based payments infrastructure startup founded in 2021, has raised $55 million in a Series B round, bringing its  total funding to $107 million within just four years of operation. The funding is aimed at expanding its in-person payment offerings, improving its online payment suite, and facilitating its entry into card acquiring. The $55 million funding round was led by QED Investors, with participation from Norrsken22, Flo…

South Africa’s Stitch Raises $55 Million to Expand Enterprise Payments Infrastructure

Payments infrastructure company Stitch raised $55 million in a Series B funding round to expand its offerings for enterprise merchants.

Stitch plans to ramp up after funding injection

Stitch raises $55 million in Series B funding led by QED Investors, to allow it to expand its in-person payment offering.

Celebrity Comedian Trevor Noah Backs SA Fintech Stitch In USD 55 M Series B

South African fintech Stitch has officially confirmed its USD 55 M Series B round, bringing its total funding to USD 107 M. The raise was led by QED Investors, with backing from Flourish Ventures, Glynn Capital, Norrsken22, and high-profile angels like Trevor Noah. Existing investors Ribbit Capital, PayPal Ventures, The Raba Partnership, and firstminute capital also participated. The announcement, long speculated but only recently confirmed by C…

Stitch raises $55 million series B to total $107 million funding in 4 years

South African fintech Stitch had announced a $55 million series B funding round led by QED investors, bringing its total funding over four years to $107 million. The fund will be directed at expanding the company’s in-person payment solutions and enhancing its online payments suite. The round, which was led by global investment firms QED Investors, Glynn Capital, Flourish Ventures, and Norrsken22, also witnessed participation from existing funde…