How much money has stitch's raised in Africa?

The Cape Town fintech has raised $25 million in an extension round of funding led by global fintech investor Ribbit Capital, bringing Stitch’s to $46 million. Existing backers, including CRE Ventures, PayPal Ventures and the Raba Partnership, participated in the round. This is Ribbit Capital’s third investment in Africa after leading and .

What is stitch e-commerce & how does it work in South Africa?

Several use cases include e-commerce checkouts, finance operations, financial services, lending and insurance, marketplaces and recurring payments. Stitch says its end-to-end payment solutions is primarily offered to enterprise businesses in South Africa. MTN, Multichoice, the Foschini Group (TFG), Standard Bank’s SnapScan and Yoco are a few names.

Who are stitch's customers?

Finally, customers can distribute money using payouts. Stitch claims that its enterprise businesses, including MTN, MultiChoice, Yoco, and Standard Bank’s SnapScan, in South Africa are the main customers for its end-to-end payment solutions.