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.
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