Overview
- Stitch said Thursday it raised $25 million in a Series A led by Andreessen Horowitz, marking the venture firm’s first investment in the Gulf Cooperation Council.
- Arbor Ventures, COTU Ventures, Raed Ventures and SVC joined the round, which lifts Stitch’s total funding to about $35 million.
- Stitch plans to use the capital for product development, a deeper push across the GCC and wider MENA, and a broader global go‑to‑market effort that it says now reaches into Africa and Southeast Asia.
- The company reports more than $5 billion moved through its platform in the past six months, with customer count up 10x and revenue up 20x in 2025, and clients including LuLu Exchange, Raya Financing, Noqodi and Foodics.
- Stitch offers an API‑first “OS for finance” that includes a general ledger, core database, and software for cards, loans and bank accounts plus a workflow builder with KYC/KYB integrations, a model investors say targets the Middle East’s greenfield market where many new institutions need modern core systems.