Stitch Raises $25M Series A Led by a16z to Power Global Financial Infrastructure

Stitch, a financial operating system designed for modern organisations, has secured a $25 million Series A round led by Andreessen Horowitz, marking the Silicon Valley giant’s first investment in the GCC region. Existing investors including Arbor Ventures, COTU Ventures, Raed Ventures, and Saudi Venture Capital Company also participated in the round, bringing Stitch’s total funding to $35 million.

Headquartered in Riyadh, Stitch is positioning itself as the infrastructure layer powering financial institutions worldwide. The company aims to solve the growing “Infrastructure Debt” crisis caused by legacy banking systems, despite the financial sector spending more than $1 trillion globally on digital transformation initiatives in recent years.

Stitch offers a cloud-native modular platform covering lending, card issuance, payments, and ledger infrastructure, enabling banks and fintech companies to modernise their systems gradually instead of pursuing costly full-scale replacements. Over the past six months, the fintech processed more than $5 billion in transactions and expanded its client portfolio with companies such as Raya Financing, LuLu Exchange, and Foodics.

The company currently operates across the GCC, Africa including Egypt and Kenya, as well as Southeast Asia. Stitch plans to use the new funding to accelerate global expansion and strengthen product engineering capabilities, while helping financial institutions launch new financial services in as little as three months and reduce implementation timelines by up to 80%.