An investment firm backing Sabi, focused on supporting innovative startups in Africa.
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.
Rally Cap partially exits its investment in South African fintech Stitch
Rally Cap partially exited its investment in Stitch after the company raised $55 million in a Series B round. Rally Cap was founded in 2020 and raised its first fund of $30 million in 2022.
Early-Stage Fintech Funding Trends in Africa
The number of fintech companies in Africa more than doubled between 2020 and 2024. Fintech sector revenue is projected to reach $230 billion by 2025.
Sabi cuts 20% of staff, refocuses on commodity traceability
Sabi cut around 20% of its staff to concentrate on its TRACE platform. TRACE is designed to help global buyers trace minerals and crops back to their source.
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.
