Stitch Money

From Simple English Wikipedia, the free encyclopedia

Stitch is a fintech company working in Africa. It one of the biggest[1] in open banking sphere.[2][3] The company is in Cape Town, South Africa.[4]

History[change | change source]

In 2019, Stitch was founded in Cape Town, South Africa as Stitch Money. [5]

In February 2021, Stitch got $4 million in investment funding. The startup was working on enabling businesses to access user financial accounts to view financial data.[6][7]

In April 2021, the company started its first payments product – Pay-ins.[8]

In February 2022, Stitch raised $21 million in Series A funding.[9][10][11]

In April 2022, Stitch launched LinkPay – the first payments API in Africa that tokenizes user financial accounts.[12][13][14][15]  

References[change | change source]

  1. Elias, Maro (2022-04-18). "Why Open Banking Is The Future of Fintech And What It Means for Card Networks". Tekedia. Retrieved 2022-11-23.
  2. East, Forbes Middle. "South Africa-Based Fintech Startup Stitch Raises $21M In Latest Funding Round". Forbes ME. Retrieved 2022-11-23.
  3. Adams (2022-02-16). "STITCH Raises $21 MILLION for it's API Infastructure and Financial Platform Embedding". COINNEWSEXTRA. Retrieved 2022-11-23.
  4. Moyo, Admire (2022-02-15). "Fintech start-up Stitch raises R316m in new funding". ITWeb. Retrieved 2022-11-23.
  5. Gebre, Samuel (2022-02-14). "Stitch Raises $21 Million for African Fintech Market Expansion - BNN Bloomberg". Bloomberg. Retrieved 2022-11-23.
  6. Adams, Ester (2021-10-29). "South African API Fintech, Stitch Raises $2m, Expands to Nigeria". Techawk. Retrieved 2022-11-23.
  7. Kene-Okafor, Tage (2021-02-25). "Stitch emerges from stealth with $4M for its API fintech play in Africa". TechCrunch. Retrieved 2022-11-23.
  8. "Stitch $21 million Series A and Africa's API fintech sector"., modern tech media in SSA. 2022-02-17. Retrieved 2022-11-23.
  9. Kene-Okafor, Tege (2022-02-14). "Stitch raises $21M for its API infrastructure and embedded finance platform". TechCrunch. Retrieved 2022-11-23.
  10. "Stitch raises $21M for its API infrastructure and embedded finance platform". CRE. Retrieved 2022-11-23.
  11. "Stitch Raises $21M For Its API Infrastructure And Embedded Finance Platform". POCIT. Telling the stories and thoughts of people of color in tech. 2022-02-14. Retrieved 2022-11-23.
  12. Jackson, Tom (2022-04-25). "SA fintech Stitch launches new one-click secure payments product LinkPay". Disrupt Africa. Retrieved 2022-11-23.
  13. "Stitch Linkpay to enable users link accounts and make secure payment"., modern tech media in SSA. 2022-04-25. Retrieved 2022-11-23.
  14. Augustine, Abraham (2022-04-26). "With Stitch's 'LinkPay', one-click checkout via bank transfer comes to South Africa and Nigeria". TechCabal. Retrieved 2022-11-23.
  15. PYMNTS (2022-04-25). "Stitch Rolls Out Payments Product LinkPay". Retrieved 2022-11-23.