Fintech infrastructure provider Stitch secured USD 10 mn in a seed funding round, according to a press release published yesterday. Participating investors included Arbor Ventures, COTU Ventures, Raed Ventures, and SVC, along with family offices and industry veterans like Marqeta founder Jason Gardner (LinkedIn) and Abdulmalik AlSheikh (LinkedIn).

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Use of proceeds: The fresh funding will be used to expand Stitch’s team and platform capabilities across MENA and East Africa.

About Stitch: Founded in 2022 by Mohamed Oueida, Stitch provides an API-driven platform for financial and non-financial institutions to build and launch banking and payment solutions. Their client base spans Saudi Arabia, the UAE, and Eastern Africa, serving companies like Lulu Exchange, Alamoudi Exchange, Foodics, Dar Al Tamleek, Raya Financing, and Tanmeya Capital.

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