Stitch raises $21 million

South African-based API fintech company Stitch raised $21 million in a Series A funding round led by The Spruce House Partnership as well as other global investors.

• Stitch’s payments and data infrastructure enable players across the fintech ecosystem to transact seamlessly, expand their revenue and growth potential, and significantly reduce conversion time and cost.
• The company says it will use the funding to significantly expand its team, launch new product offerings and enter new markets across Africa.
• The news comes only a year after the company announced a $6 million seed round in February 2021.