# Stitch Money Proprietary

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/stitch-money-proprietary

- Industry: Financial Services
- Headquarters: Gauteng, South Africa
- Website: www.stitch.money
- Total disclosed funding: $107M
- Latest round: Series B (Mar 25, 2025)
- Investors on record: 17

## About

Stitch Money Proprietary Limited is a South African-based online payments platform that enhances financial operations for enterprise businesses through a suite of integrated payment solutions.Founded in 2019 in Gauteng, South Africa, Stitch Money specializes in online payment solutions tailored for enterprise clients. The company has successfully closed a total of 6 funding deals, with its most recent Series B funding round occurring on March 25, 2025, led by QED Investors, raising USD 55.00 mn. Founders include Andrew Ma, Junaid Dadan, Kiaan Pillay, Masood Hussain, and Priyen Pillay, who collectively bring diverse experience in technology and finance.Stitch Money offers a comprehensive online payments platform tailored for enterprise businesses, designed to optimize payments performance and streamline financial operations. The core product suite includes solutions for online payments, in-person payments, recurring collections, and financial management, facilitating seamless reconciliation and reporting, alongside automated fraud prevention measures. Stitch's services enhance customer retention and increase revenue by providing a unified commerce experience across various channels. The company serves a diverse clientele, including enterprise-level businesses across multiple industries, prioritizing the South African market while also extending its services to clients operating globally. Through robust API integration options, Stitch enables customers to customize their payment experiences, thereby catering to the complex needs of its diverse client base.Stitch Money generates revenue primarily through its transaction processing services, which include a combination of subscription models and partnerships with enterprise clients. The company operates on a structure that allows retailers and businesses to manage both online and in-person transactions seamlessly. Clients typically engage with Stitch by integrating their payment solutions into existing systems, and Stitch facilitates transactions through various methods, including one-click payments and automatic routing for improved success rates. The company’s flagship offerings include its payment gateway and API services, which drive operational efficiency. The pricing plans are structured to support enterprise-level engagements, aligning costs with the scale and complexity of services provided to clients.Stitch Money's strategy for future growth includes expanding its market reach across Africa, leveraging the USD 55.00 mn raised in the Series B funding round led by QED Investors on March 25, 2025. The funding will support the company's initiatives to introduce new products designed to enhance its payment solutions and expand into new geographic regions, targeting additional African markets. The company aims to solidify its presence and adapt its offerings to meet the growing demands of businesses across the continent.

## Funding rounds

- Series B, Mar 25, 2025, $55M — Glynn Capital, QED Investors, Ribbit Capital, Firstminute Capital, Raba, Flourish Ventures, PayPal Ventures, Norrsken22
- Series A, Oct 3, 2023, $25M — Ribbit Capital, CRE, Raba, PayPal Ventures
- Series A, Feb 14, 2022, $21M — CRE, Spruce House Investment Management, TrueLayer Limited, Firstminute Capital, Village Global, Raba, PayPal Ventures, Zinal Growth
- Seed, Oct 28, 2021, $2M — 500 Global, CRE, Firstminute Capital, Norrsken VC, Village Global, Raba, Future Africa
- Seed, Feb 25, 2021, $4M — 500 Global, CRE, Firstminute Capital, Norrsken VC, Village Global, Raba, Musha Ventures, Future Africa

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed
- CRE (https://capitalatlas.ai/funds/cre) — Seed, Series A
- Firstminute Capital (https://capitalatlas.ai/funds/firstminute-capital) — Seed, Series A, Series B
- Norrsken VC (https://capitalatlas.ai/funds/norrsken-vc) — Seed
- Village Global (https://capitalatlas.ai/funds/village-global) — Seed, Series A
- Raba (https://capitalatlas.ai/funds/raba) — Seed, Series A, Series B
- Musha Ventures (https://capitalatlas.ai/funds/musha-ventures) — Seed
- Future Africa — Seed
- Spruce House Investment Management — Series A
- TrueLayer Limited — Series A
- PayPal Ventures (https://capitalatlas.ai/funds/paypal-ventures) — Series A, Series B
- Zinal Growth — Series A
- Ribbit Capital (https://capitalatlas.ai/funds/ribbit-capital) — Series A, Series B
- Glynn Capital (https://capitalatlas.ai/funds/glynn-capital) — Series B
- QED Investors (https://capitalatlas.ai/funds/qed-investors) — Series B
- Flourish Ventures (https://capitalatlas.ai/funds/flourish-ventures) — Series B
- Norrsken22 (https://capitalatlas.ai/funds/norrsken22) — Series B