We're extremely excited to share we have raised our Series A for $21M to continue building the future of money movement in Africa! We're grateful to be backed by some of the world's leading fintech investors, founders and builders. More via
@TechCrunch
Calling all
#fintech
innovators and builders across Africa. We're launching an early-stage startup showcase, in partnership with
@paystack
and
@DisruptAfrica
, to help businesses access funding + support, to build the solution of their dreams. Apply now 👇
We're thrilled to announce our $25 million Series A Extension, led by
@RibbitCapital
, with participation from existing investors
@PayPal
Ventures,
@rabacapital
and
@CRE_VC
, bringing our total funding to $52 million.
Read more via
@TechCrunch
:
Exciting news: Stitch is officially live in Nigeria!
#Fintechs
and businesses building financial solutions in Nigeria can now access Stitch to offer seamless, instant bank payments. Read more in
@TechCrunch
:
@ulonnaya
@DadaBen_
Meet Stitch CEO
@kiaanp_
and Nigeria Country Manager
@DadaBen_
as they share more about our plans for Nigeria, who can benefit from Stitch and what's next:
We had a great time meeting the Lagos
#fintech
community at our happy hour last week! Thanks to all that came out. If you want to know more about the Stitch offering in Nigeria, reach out here () or get in touch with our CM
@DadaBen_
Today we're excited to announce Stitch is exiting stealth mode on the back of a $4m seed round. Thanks to all our investors and the team!
We're super excited to play a part in building the future of African fintech.
The 2021 Africa Investment Report from
@briterbridges
is out! Fintech continues to lead, taking home 62% of the ~$4.9 billion in total funding. Nigeria and South Africa lead in total volumes. Download the full report here -->
What does the ecosystem of fintech infrastructure look like in
#Nigeria
? We imagined the 'fintech stack' for a typical wallet solution. Check out our latest infographic and download here 👇
We had an incredible week joined by
#fintech
investors from across the globe and founders from across the continent, for the Stitch x Raba tech meetup. Amazing job to the startups that presented in the early-stage showcase. Looking forward to more events in the future!
Join us for a Twitter Spaces chat this Thursday, Feb 17th, at 6pm WAT. CEO
@kiaanp_
will be joined by
@wizaj
and
@alexcrownus
to discuss the growth of the 'fintech stack' in African markets and the financial infrastructure enabling fintechs to build faster. cc
@DadaBen_
1/ Introducing Stitch Pay with crypto, a new way for businesses to accept payments made using
#crypto
– and get settled in ZAR.
“We’re excited to offer Stitch clients an opportunity to reach and serve this audience, without the need to take on direct volatility risk."
We're excited to announce the launch of our new product offering: Stitch Payments!
#Fintech
companies and businesses building financial solutions can now offer seamless, low-fee, one-click payments - with zero fraud. Read more and get in touch:
We are very excited to be supporting
@chippercashapp
's launch in South Africa!
Read here to see how we enable Chipper's customers to securely top up their wallets in seconds:
We're excited to announce the launch of our flagship payments product, Stitch LinkPay 🥳!
Businesses can now offer a seamless, one-click payments experience via tokenised financial account.
We’re so excited to be partnering with one of the leading digital asset exchanges, clocking in the highest daily
#crypto
trading volumes in the world… Yep, you guessed it,
@binance
🙌
Start buying crypto with ZAR on
@binance
today 💛
1/ We’re excited to announce Stitch is now an end-to-end Payments Service Provider, with the launch of Card, Debit Order + payments management and reconciliation system PayOS. Here’s what’s new 🧵
Good news,
@CapitecBankSA
customers! Stitch clients will now be able to offer their customers the option to pay via Capitec Pay at checkout.
Through Stitch, Capitec customers can now pay in a snap using only their ID or mobile number. 🫰
We're excited to sponsor the
@Techpointdotng
Techpoint Build summit on Jan 22, alongside some of Nigeria's fastest-growing tech companies. Register here to join the largest gathering of innovators, founders, investors and more in West Africa:
“We’re excited to enable companies building technologies that not only include people in digital finance but go further to find ways to enable financial wellness” - CEO
@kiaanp_
on the opportunity for
#fintech
innovation at
#AFTSCAIRO2021
Huge congratulations to the
@Bitvice_
team on their launch in South Africa! We're excited to work with the team to enable a fast and seamless onboarding and payments process, and help South Africans start investing in Bitcoin faster 💪
Stitch Nigeria CM
@DadaBen_
will be presenting a keynote on launching a business in Nigeria, ahead of the
#NigeriaTechSummit
, today at 3:30pm WAT. The event is sponsored by the US Embassy Nigeria + powered by
@GlobalStartupE
. Register here:
"Stitch has unlocked secure and instant direct debit from connected bank accounts without the user having to repeatedly log in to their bank app for every transaction."
Read more on
#LinkPay
in the latest from
@TechCabal
. cc:
@signorabraham
Get your money moving faster with Stitch Payouts 💸! Starting at R2/transaction for pay-as-you-go and as low as R1.30 for scale pricing, you can now process refunds, withdrawals, and disbursements.
PS. Top-ups for disbursements and refunds are FREE 😎
We’re excited to introduce Stitch CashPay, the most seamless way to accept cash-based payments for your digital products and services.
🏧 Accept cash deposits made at ATMs
📲 Get instant notifications for transactions
🫰 Automatically attribute payments to a digital account
From remittances to P2P payments, grassroots
#crypto
adoption in Africa is among the highest globally. Kenya, Nigeria, South Africa and Tanzania rank in the top 20 of the Global Crypto Adoption Index from
@chainalysis
, growing 1200% in the last year
Our friends over at
@briterbridges
+
@Make_IT_Africa
recently released a founder's guide to
#fundraising
in South Africa 🇿🇦
Get the latest on the
#startup
ecosystem + learnings from other startups (like us!) to set your fundraising journey up for success.
Friends in Nairobi, join us alongside A&A Collective, Women Who Build Africa and
@briterbridges
for an evening of ecosystem chats, aperitifs and snacks on 15 Feb 🙌
📍 Noir Gallery
⏰ 7pm - 11:30pm
Space is limited - join the waitlist:
Catch Stitch Nigeria Country Manager
@DadaBen_
giving a welcome address on the future of payments in Africa, Dec 17th at 10am WAT, at the AFF ecosystem roundtable
#AfCFTA
with
#AfricaFintechFoundry
and
@SystemicLogicZA
. Register for free here:
Thanks to
@DisruptAfrica
for naming Stitch as one of Africa's 12 startups to watch in 2022 - and among such great company! If their 2021 success rate was any indication, we're in for an exciting year. Check out the full list here. cc:
@tomjackson1988
"As the continent’s financial services + payments industry is maturing with an abundance of necessary building blocks...it is also becoming lucrative to launch niche-focused
#fintech
plays"
More on the growth of fintech in
@anafricanfuture
's 2021 review
There's nothing better than having the whole gang together 💜
A few weeks back, we took some time to reconnect at our annual offsite in Cape Town. We've grown a lot and we're feeling even more excited about building the future of payments infrastructure 🙌
And we have
@DadaBen_
as a nominee for the Tech Influencer of the Year 2021.
Winners will be announced and recognised at a ceremony scheduled to hold in January 2022. Please visit for regular updates.
The first
#Stitchathon
is officially kicking off in Cape Town and Lagos! Developers will be spending the day building new fintech solutions on top of the Stitch API
What has the team been working on at
#StitchHQ
🤔? Learn about our expanded bank coverage and SSO rewrite in this month's product update, from Stitch CTO
@ncthbrt
📣
#NewsletterLaunch
: we’re excited to share the first Stitch newsletter!
We’ll share monthly updates here from Stitch HQ, as well as insights from our staff, partners and the wider fintech community that can help you build better.
Check it out here:
Check out some highlights from our annual Stitch x Raba Investor summit featuring panels on
#payments
,
#crypto
use cases, innovation in agriculture and how VCs are approaching investment in Africa.
We know firsthand how hard it can be to build and scale fintech products. Last month we held our first early-stage fintech startup showcase to support innovators across the continent as they build the solution of their dreams.
Check out our recap here
“Having strategic angels has been massively helpful in enabling us to bring in capital we wouldn’t have access to otherwise”
CEO
@kiaanp_
shares more on his fundraising journey at
@QuonaCapital
’s
#FintechFest
in Cape Town
Join Stitch Nigeria Country Manager
@DadaBen_
in a Twitter Space chat hosted by
@OuiCapital
this Sunday, Jan 30th, at 5pm WAT! He'll join
@theafrovc
and
@mariarotilu
at
@OctopusVentures
to take a look back at the year that was in 2021 and what we can expect in the coming months
Catch Thato Mokoena, Country Manager for
@yellowcard_app
in South Africa at our virtual panel on 17 August, sharing expert insights and advice on building with
#crypto
in SA 🇿🇦
Don't get FOMO, save your spot here:
What does a 'fintech stack' look like for a wallet solution in South Africa? Our latest
#infographic
highlights the ecosystem of partners and enablers such businesses might rely on to get their products to market - and scale - faster
Some of the faces behind our engineering, leadership, people and customer solutions teams.
The only way we're able to do what we do is thanks to the open, collaborative relationships across all of the teams that make up Stitch. 💜
"Nigeria is a great market for testing new and innovative solutions; if we get it right here, we can [enable] the next stage of
#openbanking
startups anywhere else on the continent” - Nigeria CM
@DadaBen_
in the latest from
@TechCabal
on Stitch Nigeria
Are you still checking code quality manually? Good news – you don't have to 😎 Senior Full Stack Developer Jethro Muller wrote a piece for
@Offerzen
on how we've automated code quality checks using
@github
actions - check it out:
Don't miss Stitch Nigeria Country Manager
@DadaBen_
giving the welcome address on the future of payments in Africa, today at 10am WAT with
#AfricaFintechFoundry
. Register for free here:
"
#Fintech
companies have proliferated the Sub-Saharan African market and caused a lot of disruption in the payments and credit space."
@Wair_imu
details how fintechs like Stitch bring innovation to the African continent in the form of
#openbanking
.
👉
One of the biggest challenges
#insurance
businesses face is a manual, slow claims process. Stitch Head of Customer Success Dewald Muller walks us through how Stitch Payouts can improve processes for near same-day settlements.
👉 Here's how it works:
Meet Piv
@ErrorNaik
, Integrations Engineer at Stitch. In between rock climbing 🧗 and being our resident snack guru 🍿, Piv makes it easy for our clients to connect to all the big
#banks
in SA.
Get to know him here.
Did you get the first edition of our Stitch newsletter? ICYMI check out:
✅Our Startup Showcase and first Stitch Hackathon
✅Getting started with GraphQL
✅Insights from
@lebo_moro
, Stitch’s Integration Support Engineer
Read it here:
"A modern, open payments system provides opportunities to develop creative overlay services on top of the faster payment rails, built along modern open banking standards through API-based services."
Here are few highlights from the FIS WorldPay Global payment report 👇
Catch up on the highlights from the Happy Hour we hosted last week in celebration of our becoming a Payments Service Provider. 🥂
Hear more about our journey to becoming a PSP + all about our new products.
@kiaanp_
@GrantTeesta
We're excited to announce our first
#Hackathon
! Developers of all levels based in Cape Town or Lagos can sign up to join us on Feb 19th and spend a day building on top of the Stitch API. Sign up now! cc:
@Microsoft
@wethinkcode
We've partnered with
@PeachPayments
, making it even easier for South African merchants to leverage Instant EFT and reach more customers + save on card fees 🫰
Get the low-down via
@Bizcommunity
Congrats to
@itaidamti
and the whole team at
@unit_co_
on a very impressive Series C raise 🙌 we’re proud to have you as one of our investors and can’t wait to see you continue to lead the way in the BaaS space.
Are you launching a
#fintech
business in South Africa, Nigeria or Kenya? Stitch Head of Ops Miguel da Costa joined
@CDHLegal
and
@SpoorFisher
in a recent webinar to discuss critical legal + IP considerations for African fintechs + VCs. Listen here
Catch startup mentor and Director of Capital Formation & Growth for Africa at
@CV_Labs
,
@Naicker_94
at our Building with Crypto in SA virtual panel discussion on 17 August 🇿🇦
For access to expert insights on the
#crypto
space, save your spot:
Shout out to Brandon Moch for sharing this brilliant write-up on integrating with Stitch financial data in Python 🐍.
For any devs looking to integrate using
#Python
instead of
#Javascript
, check this out:
Stitch partner
@Bitvice_
is officially live in South Africa🥳! See how the team is working with Stitch to reduce onboarding time and enable fast, seamless payments, so customers can start investing in
#Bitcoin
and building wealth faster -->
Thanks to everyone who joined us at our first Stitch Scale Summit last week! Massive S/O to our star panellists and moderators, and our partners, Pay@ and
@SmileIdentity
🙌
If you were there, what was your favourite takeaway from the day? 💭
Episode 2 of Follow the Thread 🪡 is here! We caught up with
@Centbee
CEO and Co-Founder
@angusjbrown
to get a deeper understanding of the business’s journey creating payments system leveraging
#blockchain
.
#Crypto
builders, this one's for you:
“Once we’ve achieved our mission at Stitch, we should have a world where access to financial services is democratised and agnostic of the type of money you use.”
Get to know Stitch Full Stack Engineer, Carla Wilby 👋
“We see a massive opportunity for a new alternative payments rail in
#Nigeria
that is not as cost prohibitive as card. There are a lot of businesses that struggle with receiving money in a way that makes sense on a transaction by transaction basis”
#AFTSCAIRO2021
“Creating innovative customer products will require partnerships between regulators, banks + fintechs.
#Crypto
is one area where more active dialogue is needed on how to empower customers to make the most of these innovations.” - COO
@yomandrew1
on stage today at
@AfricArena2021
"If you look at the investment stats of SE Asia over the last 10 years, you'll see that Africa is tracking very closely... Over the next 10-20 years, this is the biggest financial services opportunity globally" -
@wizaj
on the latest
@FintechInsiders
Hear from our integration-loving, emoji-creating, minister of cool about
#lifeatstitch
, his journey in tech and his tips for young students that want to get involved in tech. Meet Stitch Integration Engineer Lebo 👇
Thanks to everyone who joined us for our virtual panel discussion last week, and a huge thanks to our panellists
@Naicker_94
,
@SokoYaliwe
,
@notgwera
and Thato Mokoena who shared their expert insights and advice!
ICYMI, here’s a snippet of what went down 🧵 /1