Jump to content

Stitch Money: Difference between revisions

From Wikipedia, the free encyclopedia
Browse history interactively
← Previous editNext edit →
Content deleted Content added
VisualWikitext
No edit summary
No edit summary
Line 12: Line 12:
In February 2022, Stitch raised $21 million in Series A funding, led by New York-based long-term investment firm The Spruce House Partnership, for its API infrastructure and embedded finance platform.<ref>{{Cite web |last=Kene-Okafor |first=Tege |date=2022-02-14 |title=Stitch raises $21M for its API infrastructure and embedded finance platform |url=https://techcrunch.com/2022/02/13/stitch-raises-21m-for-its-api-infrastructure-and-embedded-finance-platform/ |access-date=2022-11-23 |website=TechCrunch}}</ref><ref>{{Cite web |title=Stitch raises $21M for its API infrastructure and embedded finance platform |url=https://www.cre.vc/news-slider/stitch-raises-21m-for-its-api-infrastructure-and-embedded-finance-platform |access-date=2022-11-23 |website=CRE |language=en-US}}</ref><ref>{{Cite web |date=2022-02-14 |title=Stitch Raises $21M For Its API Infrastructure And Embedded Finance Platform |url=https://peopleofcolorintech.com/front/stitch-raises-21m-for-its-api-infrastructure-and-embedded-finance-platform/ |access-date=2022-11-23 |website=POCIT. Telling the stories and thoughts of people of color in tech. |language=en}}</ref>
In February 2022, Stitch raised $21 million in Series A funding, led by New York-based long-term investment firm The Spruce House Partnership, for its API infrastructure and embedded finance platform.<ref>{{Cite web |last=Kene-Okafor |first=Tege |date=2022-02-14 |title=Stitch raises $21M for its API infrastructure and embedded finance platform |url=https://techcrunch.com/2022/02/13/stitch-raises-21m-for-its-api-infrastructure-and-embedded-finance-platform/ |access-date=2022-11-23 |website=TechCrunch}}</ref><ref>{{Cite web |title=Stitch raises $21M for its API infrastructure and embedded finance platform |url=https://www.cre.vc/news-slider/stitch-raises-21m-for-its-api-infrastructure-and-embedded-finance-platform |access-date=2022-11-23 |website=CRE |language=en-US}}</ref><ref>{{Cite web |date=2022-02-14 |title=Stitch Raises $21M For Its API Infrastructure And Embedded Finance Platform |url=https://peopleofcolorintech.com/front/stitch-raises-21m-for-its-api-infrastructure-and-embedded-finance-platform/ |access-date=2022-11-23 |website=POCIT. Telling the stories and thoughts of people of color in tech. |language=en}}</ref>


In April 2022, Stitch launched LinkPay – the first payments API in Africa that tokenizes user financial accounts to enable one-click and variable recurring payments.<ref>{{Cite web |last=Jackson |first=Tom |date=2022-04-25 |title=SA fintech Stitch launches new one-click secure payments product LinkPay |url=https://disrupt-africa.com/2022/04/25/sa-fintech-stitch-launches-new-one-click-secure-payments-product-linkpay/ |access-date=2022-11-23 |website=Disrupt Africa |language=en-GB}}</ref><ref>{{Cite web |date=2022-04-25 |title=Stitch Linkpay to enable users link accounts and make secure payment |url=https://www.benjamindada.com/stitch-launches-linkpay/ |access-date=2022-11-23 |website=Benjamindada.com, modern tech media in SSA |language=en}}</ref><ref>{{Cite web |last=Augustine |first=Abraham |date=2022-04-26 |title=With Stitch's ‘LinkPay’, one-click checkout via bank transfer comes to South Africa and Nigeria |url=https://techcabal.com/2022/04/26/stitch-launches-linkpay-to-enable-tokenised-one-click-bank-transfers-in-south-africa-and-nigeria/ |access-date=2022-11-23 |website=TechCabal |language=en-US}}</ref><ref>{{Cite web |last=PYMNTS |date=2022-04-25 |title=Stitch Rolls Out Payments Product LinkPay |url=https://www.pymnts.com/news/payment-methods/2022/stitch-rolls-out-payments-product-linkpay/ |access-date=2022-11-23 |website=www.pymnts.com |language=en-US}}</ref>  
In April 2022, Stitch launched LinkPay – the first payments API in Africa that tokenizes user financial accounts.<ref>{{Cite web |last=Jackson |first=Tom |date=2022-04-25 |title=SA fintech Stitch launches new one-click secure payments product LinkPay |url=https://disrupt-africa.com/2022/04/25/sa-fintech-stitch-launches-new-one-click-secure-payments-product-linkpay/ |access-date=2022-11-23 |website=Disrupt Africa |language=en-GB}}</ref><ref>{{Cite web |date=2022-04-25 |title=Stitch Linkpay to enable users link accounts and make secure payment |url=https://www.benjamindada.com/stitch-launches-linkpay/ |access-date=2022-11-23 |website=Benjamindada.com, modern tech media in SSA |language=en}}</ref><ref>{{Cite web |last=Augustine |first=Abraham |date=2022-04-26 |title=With Stitch's ‘LinkPay’, one-click checkout via bank transfer comes to South Africa and Nigeria |url=https://techcabal.com/2022/04/26/stitch-launches-linkpay-to-enable-tokenised-one-click-bank-transfers-in-south-africa-and-nigeria/ |access-date=2022-11-23 |website=TechCabal |language=en-US}}</ref><ref>{{Cite web |last=PYMNTS |date=2022-04-25 |title=Stitch Rolls Out Payments Product LinkPay |url=https://www.pymnts.com/news/payment-methods/2022/stitch-rolls-out-payments-product-linkpay/ |access-date=2022-11-23 |website=www.pymnts.com |language=en-US}}</ref>  


In June 2022, Stitch launched its Payouts product, enabling businesses to send money – including payments to customers, vendors and suppliers, to employees and more. The product consists of refunds, withdrawals and disbursements.<ref>{{Cite web |date=2022-07-05 |title=‘One-click API’ Stitch now makes it easier to move money |url=https://ventureburn.com/2022/07/one-click-api-stitch-now-makes-it-easier-to-move-money/ |access-date=2022-11-23 |website=Ventureburn |language=en-ZA}}</ref>
In June 2022, Stitch launched its Payouts product, enabling businesses to send money – including payments to customers, vendors, suppliers, and employees.<ref>{{Cite web |date=2022-07-05 |title=‘One-click API’ Stitch now makes it easier to move money |url=https://ventureburn.com/2022/07/one-click-api-stitch-now-makes-it-easier-to-move-money/ |access-date=2022-11-23 |website=Ventureburn |language=en-ZA}}</ref>


== References ==
== References ==

Revision as of 10:22, 23 November 2022

Stitch is a fintech company operating in Africa.[1][2] The company's headquarters are located in Cape Town, South Africa.[3]

History

In 2019, Stitch was founded in Cape Town, South Africa as Stitch Money. [4]

In February 2021, Stitch raised $4 million in seed funding. The seed round was led by London-based VC firm, first-minute Capital, and US-based investment firm, The Raba Partnership. The firm was initially focused on enabling businesses to access user financial accounts to view financial data.[5][6]

In April 2021, the company began piloting its first payments product – Pay-ins.[7]

In October 2021, the company raised a $2 million seed extension and announced expansion into Nigeria.[8][9]

In February 2022, Stitch raised $21 million in Series A funding, led by New York-based long-term investment firm The Spruce House Partnership, for its API infrastructure and embedded finance platform.[10][11][12]

In April 2022, Stitch launched LinkPay – the first payments API in Africa that tokenizes user financial accounts.[13][14][15][16]  

In June 2022, Stitch launched its Payouts product, enabling businesses to send money – including payments to customers, vendors, suppliers, and employees.[17]

References

  1. ^ East, Forbes Middle. "South Africa-Based Fintech Startup Stitch Raises $21M In Latest Funding Round". Forbes ME. Retrieved 2022-11-23.
  2. ^ Adams (2022-02-16). "STITCH Raises $21 MILLION for it's API Infastructure and Financial Platform Embedding". COINNEWSEXTRA. Retrieved 2022-11-23.
  3. ^ Moyo, Admire (2022-02-15). "Fintech start-up Stitch raises R316m in new funding". ITWeb. Retrieved 2022-11-23.
  4. ^ Gebre, Samuel (2022-02-14). "Stitch Raises $21 Million for African Fintech Market Expansion - BNN Bloomberg". Bloomberg. Retrieved 2022-11-23.
  5. ^ Adams, Ester (2021-10-29). "South African API Fintech, Stitch Raises $2m, Expands to Nigeria". Techawk. Retrieved 2022-11-23.
  6. ^ Kene-Okafor, Tage (2021-02-25). "Stitch emerges from stealth with $4M for its API fintech play in Africa". TechCrunch. Retrieved 2022-11-23.
  7. ^ "Stitch $21 million Series A and Africa's API fintech sector". Benjamindada.com, modern tech media in SSA. 2022-02-17. Retrieved 2022-11-23.
  8. ^ Nigeria, Ripples (2022-10-24). "US-based VC, Flourish Ventures, launches Africa-focused program, Madica. 2 other stories and a trivia". Latest Nigeria News | Top Stories from Ripples Nigeria. Retrieved 2022-11-23.
  9. ^ Kene-Okafor, Tage (2021-10-28). "Stitch gets a $2M seed extension, hires Benjamin Dada to lead Nigerian expansion". TechCrunch. Retrieved 2022-11-23.
  10. ^ Kene-Okafor, Tege (2022-02-14). "Stitch raises $21M for its API infrastructure and embedded finance platform". TechCrunch. Retrieved 2022-11-23.
  11. ^ "Stitch raises $21M for its API infrastructure and embedded finance platform". CRE. Retrieved 2022-11-23.
  12. ^ "Stitch Raises $21M For Its API Infrastructure And Embedded Finance Platform". POCIT. Telling the stories and thoughts of people of color in tech. 2022-02-14. Retrieved 2022-11-23.
  13. ^ Jackson, Tom (2022-04-25). "SA fintech Stitch launches new one-click secure payments product LinkPay". Disrupt Africa. Retrieved 2022-11-23.
  14. ^ "Stitch Linkpay to enable users link accounts and make secure payment". Benjamindada.com, modern tech media in SSA. 2022-04-25. Retrieved 2022-11-23.
  15. ^ Augustine, Abraham (2022-04-26). "With Stitch's 'LinkPay', one-click checkout via bank transfer comes to South Africa and Nigeria". TechCabal. Retrieved 2022-11-23.
  16. ^ PYMNTS (2022-04-25). "Stitch Rolls Out Payments Product LinkPay". www.pymnts.com. Retrieved 2022-11-23.
  17. ^ "'One-click API' Stitch now makes it easier to move money". Ventureburn. 2022-07-05. Retrieved 2022-11-23.
Retrieved from "https://en.wikipedia.org/w/index.php?title=Stitch_Money&oldid=1123367516"