Stitch

Businessfiled

Stitch operates in Fintech, based in Africa. SA fintech API startup Stitch raises $4m seed round for African expansion 0 By Tom Jackson on February 25, 2021 News , Southern Africa South African fintech startup Stitch has announced a US$4 million seed round with an impressive global investor line-up as it plans expansion into other regions of the continent. The Stitch API allows developers to connect apps to financial accounts within minutes, allowing their users to share their transaction histories and balances, confirm their identities, and initiate payments.

Sub-sector tags: fintech.

No verified homepage on file yet — operating evidence is limited to the public record.

Capital & rounds (filed)filed

Stitch has raised $4.0M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).

Largest single filing: $4.0M on 2021-02-25.

Most recent recorded round closed around 2021-02-25.

Valuation (modeled)modeled

Provath models Stitch at approximately $103M (range $3.5M–$674M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.

Read: Over-valued. Modeled value is 2.10× the median modeled value of Seed Fintech companies in 2019–2021 (34 peers) — value vs value, same stage and era.

Financing rhythm & timingmixed

Last raise 5.3 yr ago; this sector typically re-raises about every 12 months.

Only one round on record and long silent — often defunct, acquired, or gone quiet.

Comparablesmixed

Capital scale ranks ahead of 83% of Fintech peers (1063 compared).

Modeled value ranks above 89% of those peers.

Closest niche peers: Paymob, Alude Holdings Ltd., Chari, Diool, Planet42.

Risks & flagsmixed

Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.

Modeled above niche peers — valuation risk on entry.

No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.