Riyadh – Sharikat Mubasher: Saudi-based fintech Stitch announced it has secured $25 million in a Series A funding round led by Andreessen Horowitz (a16z), marking the venture capital firm’s first investment in the GCC. According to the company’s press release, the round also included participation from existing investors Arbor Ventures, COTU Ventures, Raed Ventures, and SVC, bringing Stitch’s total funding to $35 million.
Founded by executives with experience at companies including Barclays and Santander, Stitch provides a cloud-native operating system for financial institutions covering lending, payments, cards, and ledgers. The company aims to help banks and fintech firms modernize legacy infrastructure and better prepare for AI adoption.
The company claims that more than $5 billion has been transacted through its platform over the past six months, while its customer base grew 10x and revenue increased 20x during 2025. Stitch currently operates across the GCC, Africa, and Southeast Asia, serving clients including Raya Financing, LuLu Exchange, Noqodi, and Foodics.
The newly raised capital will be used to accelerate product development, expand Stitch’s presence across the GCC and wider MENA region, and support its international expansion plans.
