South Africa-based FinTech company Stitch, a provider of full-stack payments infrastructure, has raised $55m in a Series B funding round.
According to TechBuild Africa, the round was led by QED Investors and included participation from Flourish Ventures, Norrsken22, and Glynn Capital. Existing investors Ribbit Capital, PayPal Ventures, and Firstminute Capital also joined, alongside high-profile angel investors such as Trevor Noah. This brings Stitch’s total funding to $107m over four years.
Stitch operates a comprehensive payment platform, enabling seamless online and in-person payments tailored for large-scale enterprise businesses. The firm has built a reputation for its deep understanding of the complex payments needs of enterprise merchants, offering services such as fraud prevention, customisation, technical support, and built-in redundancies to improve payment reliability.
The fresh capital will be used to grow Stitch’s in-person payments offering, enter the acquiring space, and bolster its online payments suite. The company aims to provide an end-to-end payment stack that covers the full lifecycle of card products and other money movement needs. The expansion builds on Stitch’s 2025 acquisition of ExiPay, which marked its entry into in-person payments.
In addition to its technology, Stitch supports a broad range of local and global payment methods including card, bank-to-bank payments, Apple Pay, Google Pay, Capitec Pay, DebiCheck, EFT, and more. Its platform is designed for major omnichannel enterprises such as telcos and retailers, with clients including Takealot, Mr. D, MTN, Vodacom, Standard Bank’s Shyft, TFG’s Bash, Hollywoodbets, Luno, and The Courier Guy.
The Stitch team said, “We’re super excited and proud to be where we are in the market today. We feel we’ve earned the right to work with clients across the board – not just for online or in-person payments, but with any money movement needs. It felt like the right time to more aggressively expand our offering so we can further serve our clients.”
Gbenga Ajayi, partner and head of Africa and the Middle East at QED Investors, added, “Having closely followed the Stitch team over the past four years, it’s been impressive to watch their rapid growth and execution in becoming a trusted payment provider. Stitch has consistently delivered world-class payment solutions, empowering global merchants with seamless, reliable and innovative experiences. Their ongoing expansion from a PSP to a comprehensive payments partner, including robust in-person payments and acquiring solutions, demonstrates their unique ability to anticipate market needs and execute at scale. At QED Investors, we’re thrilled to partner with such visionary founders, confident that Stitch will continue to set new standards in the payments industry across Africa and beyond.”
Earlier in 2025, Stitch introduced Express, a streamlined online checkout solution for e-commerce platforms such as Shopify and Woo.
Stitch first emerged from stealth in February 2021 and has since raised $107m in total, including a $4m seed round, $6m in an extended seed round, $21m in a Series A, and $25m in an extended Series A.
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