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Home Fintech

South African Fintech startup Stitch, announces $4 million seed round

Tech Gist Africa by Tech Gist Africa
02/27/2021
in Fintech, Innovator of the Week, News, Start-Up Spotlight, Startups, World News
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South Africa Fintech Startup Stitch Tech Gist Africa

South Africa Fintech Startup Stitch Tech Gist Africa

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South African FinTech startup Stitch announces its seed round of $4 million.

 At the moment, this makes it the largest seed round raised in Africa by any API FinTech startup.

Fintech startup Stitch, will use the funds to accelerate development in South Africa.

However, there are plans to also begin operations in West and East Africa. 

Founded by Kiaan Pillay, Natalie Cuthbert and Priyen Pillay, Stitch aims to provide full API access to financial accounts across Africa having started from it’s initial market, South Africa.

With Stitch’s API, developers can attach apps to financial accounts.

It therefore enables users to share their transaction information and balances, verify their identities and facilitate payments.

Stitch services allow businesses and developers to innovate around other services including personal finance, banking, insurance, payments and other financial services.

Read more on Tech Gist Africa;

South Africa’s digital bank TymeBank raises $109 million, plans Asian market expansion

Nomanini gets funding From FMO to Boost Pan-African expansion

Venture capital company, Knife Capital has raised $10 million for its Series B funding round

 

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Tech Gist Africa

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Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

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