Stitch Secures $50M in Series B Funding to Expand Payment Solutions Across Africa
- Stitch raised $55 million in funding, bringing total funding to $107 million.
- Investors include Glynn Capital, Flourish Ventures, and Norrsken22.
- Stitch's payment solutions are used by major enterprises in South Africa.
Stitch's recent funding round and strategic expansions indicate a strong growth trajectory in the payment solutions market, particularly in South Africa. Their focus on enhancing in-person payment offerings and entering the acquiring space could position them as a key player in the industry. However, they will need to navigate competitive pressures and ensure robust execution of their expansion plans to realize their potential.
