> ## Content Index
> Fetch the complete content index at: https://www.techloy.com/llms.txt
> Use this file to discover other available public pages before exploring further.

# Stitch raises $21 million
- URL: https://www.techloy.com/stitch-raises-21-million/
- Published: 2022-02-17T22:36:00.000Z
- Updated: 2022-04-18T21:37:24.000Z
- Author: Techloy
- Tags: / Fintech, Tech in South Africa

South African-based API fintech company Stitch raised $21 millionin a Series A funding round led by The Spruce House Partnership as well as other global investors.

- Stitch’s payments and data infrastructure enable players across the fintech ecosystem to transact seamlessly, expand their revenue and growth potential, and significantly reduce conversion time and cost.
- The company says it will use the funding to significantly expand its team, launch new product offerings and enter new markets across Africa.
- The news comes only a year after the company announced a $6 million seed round in February 2021.