Stitch Secures $55M to Power the Future of Payments Across Africa
Stitch provides an API platform that enables businesses to build secure, user-friendly financial products.
Cape Town-based fintech Stitch just closed a fresh $55 million funding round marking a major milestone in the company’s mission to simplify business payments across Africa.
Founded in 2019 by Kiaan Pillay, Natalie Cuthbert, and Priyen Pillay, Stitch offers a unified platform that helps businesses manage digital and in-person payments seamlessly across banks, wallets, and channels. The company has steadily emerged as a foundational payments infrastructure layer for the continent’s most innovative businesses, and this new investment signals investor confidence in Stitch’s growing footprint and long-term vision.
End-to-End Payments, Built for Africa
Whether you’re a large enterprise or a fast-scaling startup, managing transactions across fragmented financial systems in Africa is notoriously complex. Stitch solves that by providing a single API and dashboard to integrate multiple payment methods—from EFTs to cards to mobile money—while improving checkout conversion and reconciliation for businesses.
Their platform has been especially appealing to companies that need both digital and in-person payment capabilities. In early 2025, Stitch acquired Exipay and rebranded it as Stitch In-Person Payments, expanding its services to retailers and other enterprises needing offline payment infrastructure.
With this new round, Stitch plans to continue building out its end-to-end payment stack, fueling geographic expansion and deepening its product offerings for enterprise clients.
A Fintech Engine for Africa
As more businesses across Africa go digital, Stitch is positioning itself as the infrastructure engine powering that shift. Its unified payments approach removes barriers to growth and creates a better experience for end users—whether they’re making a mobile payment in Lagos or tapping a card at a retail counter in Cape Town.
For founders building the next generation of financial services, Stitch’s trajectory is one to watch—and with this latest capital injection, they’re accelerating fast.
Read more on Techpoint Africa
Listen to Kiaan Pillay with Jenny Fielding on the Venture Everywhere podcast: A Stitch on Payment Time. Now on Apple & Spotify and check out all our past episodes here!
