Fintech innovator Stitch has announced the successful close of a $55 million Series B funding round, led by QED Investors. The fresh injection of capital brings Stitch’s total funding to $107 million over the past four years, fuelling the company’s plans to aggressively expand its payments offering across Africa and beyond.
The new funding will support Stitch’s deepening investment into in-person payments, a strategic move into acquiring, and the continued strengthening of its online payments suite. These expansions are designed to provide a truly comprehensive, omnichannel payments platform for enterprise merchants across a variety of sectors.
The round brings in heavyweight global investors including QED Investors, Flourish Ventures, Norrsken22, and Glynn Capital. They join an already robust group of backers such as Ribbit Capital, PayPal Ventures, Firstminute Capital, and high-profile angels including comedian and entrepreneur Trevor Noah.
“We’re super excited and proud to be where we are in the market today. We feel we’ve earned the right to work with clients across the board — not just for online or in-person payments, but with any money movement needs,” said the Stitch team. “It felt like the right time to more aggressively expand our offering so we can further serve our clients.”
Since emerging from stealth mode in February 2021, Stitch has grown rapidly by meeting the complex needs of enterprise merchants. The platform supports a wide range of local online payment methods and in-person transactions, while also offering:
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Advanced fraud prevention through its award-winning Shield product
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Flexible, customizable payment solutions tailored for enterprise-scale businesses
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Technical and integration support from a world-class client service team
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24/7 customer support
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Built-in redundancies and smart routing to enhance reliability and conversion rates
Gbenga Ajayi, Partner and Head of Africa and the Middle East at QED Investors, commented on the investment:
“Having closely followed the Stitch team over the past four years, it’s been impressive to watch their rapid growth and execution in becoming a trusted payment provider. Stitch has consistently delivered world-class payment solutions, empowering global merchants with seamless, reliable and innovative experiences. Their expansion from PSP to a full-service payments partner is a clear indicator of their vision and execution. At QED Investors, we’re thrilled to partner with such visionary founders.”
Stitch is now doubling down on its In-person Payments offering, which was launched following its acquisition of ExiPay in 2025. The team is also preparing to enter the acquiring space, enabling Stitch to provide an end-to-end card solution with full ownership of the product lifecycle. This move will further support multi-lane retailers, telcos, and other omnichannel businesses looking to modernize their payment experiences across both online and in-store channels.
As Stitch continues to scale, the company positions itself as a pivotal player in Africa’s evolving fintech landscape, setting new standards for innovation, reliability, and client-centric payments infrastructure.
