Stitch has secured a $25 million Series A extension in a round led by Ribbit Capital. The funds will be used to further develop its all-encompassing payment solutions.
With Stitch LinkPay, businesses in South Africa and Nigeria can enable users to link their financial accounts and pay securely via instant bank transfer, in seconds.
The new funds injection will go into expanding its 50-man team, boosting its technology and exploring new markets like Ghana and Egypt.
With $27 million total funding, Stitch is now the most funded API-first fintech startup. What does this mean for Africa API fintechs?