Saudi FinTech Stitch Raises $25 Million

Saudi Arabian FinTech company Stitch has successfully secured $25 million in a Series A funding round. This capital injection is earmarked for enhancing its operating system designed for contemporary financial institutions. The company plans to leverage this investment to expedite product innovation, strengthen its foothold within the Gulf Cooperation Council (GCC) and the wider Middle East and North Africa (MENA) region, and initiate global expansion efforts. Stitch aims to modernize fragmented banking infrastructure with its comprehensive platform.