The Series A round, ledby Andreessen Horowitz and marking its inaugural GCC investment, brings Stitch’s total capital to $35 million. Existing backers—including Arbor Ventures, COTU Ventures, Raed Ventures, and SVC—reinforced their commitment as the startup positions itself at the nexus of regional fintech acceleration and sovereign capital deployment.
Stitch’s cloud‑native platform enables financial institutions to modernise lending, card‑issuing, payments and ledger functions through incremental, non‑disruptive rollouts. In the past six months, transaction volume on the network eclipsed $5 billion, while client acquisition surged tenfold in 2025 and revenue grew twentyfold, underscoring rapid market adoption across the GCC, Africa and Southeast Asia.
Analysts view Stitch’s traction as a bellwether for sovereign‑fund‑backed digital infrastructure initiatives, illustrating how sovereign wealth and venture capital can jointly finance foundational payment systems that underpin broader AI integration and financial inclusion strategies across MENA.
The fresh capital will be allocated to accelerate product development, deepen regional go‑to‑market reach, and expand Stitch’s footprint within the GCC, reinforcing the Kingdom’s ambition to become a regional hub for next‑generation fintech infrastructure and to catalyse a more resilient, AI‑ready payments ecosystem.
