South Africa’s Stitch secures $55M in new funding round
- Stitch secured $55 million in additional funding to enhance its payment solutions.
- The investment aims to strengthen Stitch's position in the African fintech landscape.
- Raba Partnership contributed $4.2 million to this funding round.
Stitch's continuous funding and strategic acquisitions indicate a strong growth trajectory in the African fintech sector. Their focus on improving payment solutions is crucial for businesses operating in diverse financial environments. However, the sustainability of their growth amidst increasing competition in the fintech space will be an important factor to monitor.
