Stitch raises $21M for its API infrastructure and embedded finance platform

Stitch raises $21M for its API infrastructure and embedded finance platform

2 years ago
Anonymous $jukOC22bR_

https://techcrunch.com/2022/02/13/stitch-raises-21m-for-its-api-infrastructure-and-embedded-finance-platform/

Open finance continues to be a significant theme in the world of fintech as businesses tap APIs to access customers’ financial accounts and provide a gamut of integrated and embedded financial services. In the latest development, Stitch — one of the prominent players building and operating these APIs in Africa — confirmed to TechCrunch that it has raised $21 million in Series A funding.

This news follows the $4 million Stitch raised out of stealth in February 2021, a prequel to the $2 million extension round it secured four months ago, bringing its seed round to $6 million. In total, Stitch has raised $27 million to date.