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Stitch announces new Series A funding

API fintech company Stitch today announced a $21 million Series A funding round, according to Agency report today

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IT News Nigeria:

Stitch Co-founder & CEO Kiaan Pillay  is quoted as saying: “We are incredibly fortunate to be supported by some of the best investors, founders and builders in the fintech space globally.”

It added that the round is led by The Spruce House Partnership, with participation from PayPal Ventures, TrueLayer, firstminute capital, The Raba Partnership, CRE Venture Capital, Village Global, Zinal Growth (the investment vehicle of Checkout.com founder Guillaume Pousaz) and others, including founders of Chipper Cash, Quovo and Unit.

He said: “They are working closely with us to enable the boom we’re seeing in financial technology on the continent. Across the hundreds of customers we work with, big and small, we’re witnessing a record pace of development of new financial products.

Our goal, according to him, is to help fast-growing fintech and embedded finance companies more easily launch increasingly innovative and tailored products, expand into new markets and optimize their solutions – so they can grow even faster.

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