Rally Cap Completes Partial Exit from South African Fintech Stitch
- Rally Cap partially exited its investment in Stitch after the company secured a $55 million Series B funding round.
- Stitch experienced significant growth, raising $55 million in April 2025, led by QED Investors and other prominent investors.
- Stitch acquired ExiPay and rebranded it as 'Stitch In-Person Payments' to enhance payment solutions for enterprises.
The recent developments in Africa's startup ecosystem, particularly with Rally Cap's exit from Stitch, indicate a promising trend towards more successful exits and returns for investors. This shift not only reflects the growth of individual companies but also suggests a broader maturation of the venture capital landscape in the region, which could attract more investment and innovation.
