What if building financial products was as simple as launching a website? That\u2019s the future Stitch is creating. This Saudi Arabia-based fintech infrastructure startup just raised a staggering $10 million seed round, aiming to disrupt traditional banking tech in the Middle East and East Africa. Let\u2019s explore how this trailblazing company plans to reshape the financial landscape.<\/p>\n\n\n\n
Stitch has caught the attention of global investors like Arbor Ventures, COTU Ventures, Raed Ventures, and Saudi Venture Capital (SVC). This round also includes key figures such as Jason Gardner, founder of Marqeta, and Abdulmalik AlSheikh, a pioneer behind payment networks like mada and Sadad.<\/p>\n\n\n\n
This investment is a vote of confidence in Stitch\u2019s ability to tackle outdated banking systems and deliver modern, scalable financial solutions.<\/p>\n\n\n\n
Founded in 2022 by Mohamed Oueida, Stitch provides a unified, API-driven platform<\/strong> that enables banks, fintechs, and large enterprises to roll out modern financial products 80% faster<\/strong> than traditional methods.<\/p>\n\n\n\n Initially serving clients in Saudi Arabia and the UAE, Stitch is already expanding into East Africa, beginning with Kenya. Their mission? Empower institutions across emerging markets<\/strong> to deploy innovative solutions without the friction of legacy systems.<\/p>\n\n\n\n The global BFSI market is booming<\/strong>, expected to more than double by 2033 to $221.39 billion. In Saudi Arabia alone, banking assets are valued at $1.12 trillion, with digital payments skyrocketing by 75% between 2019 and 2021.<\/p>\n\n\n\n But innovation in this space has been stifled by outdated infrastructure\u2014until now. Stitch is providing the technological leap needed to bridge this gap.<\/p>\n\n\n\n Top names like Lulu Exchange, Foodics, Dar Al Tamleek, and Raya Financing<\/strong> are already using Stitch\u2019s technology to launch bespoke financial solutions. The platform\u2019s simplicity, flexibility, and speed make it a go-to choice for forward-thinking organizations.<\/p>\n\n\n\n \u201cStitch isn\u2019t just replacing legacy systems\u2014it\u2019s defining a new gold standard for fintech infrastructure.\u201d \u201cTheir global-ready platform is built with local realities in mind. That\u2019s a rare and powerful combination.\u201d Stitch is more than a startup\u2014it’s a movement towards smarter, faster, and more inclusive financial systems<\/strong>. With $10M in fresh capital, the company is set to transform how financial services are developed in the Middle East, East Africa, and beyond.<\/p>\n\n\n\n If you\u2019re a fintech leader looking to build the future, Stitch just might be your next partner.<\/p>\n","protected":false},"excerpt":{"rendered":" What if building financial products was as simple as launching a website? That\u2019s the future Stitch is creating. This Saudi Arabia-based fintech infrastructure startup just raised a staggering $10 million seed round, aiming to disrupt traditional banking tech in the Middle East and East Africa. Let\u2019s explore how this trailblazing company plans to reshape the […]<\/p>\n","protected":false},"author":6,"featured_media":7670,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_focuskw":"Stitch $10M funding","jnews-multi-image_gallery":[],"jnews_single_post":{"subtitle":"","format":"standard","video":"","gallery":"","source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"1","single_blog_custom":"","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"hide","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"1","show_featured":"1","show_post_meta":"0","show_post_author":"0","show_post_author_image":"1","show_post_date":"0","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"0","show_prev_next_post":"0","show_popup_post":"0","number_popup_post":"2","show_author_box":"1","show_post_related":"1","show_inline_post_related":"0"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"footnotes":""},"categories":[255],"tags":[],"country":[249],"class_list":["post-7669","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","country-saudi-arabia"],"yoast_head":"\nRegional Focus, Global Ambition<\/h3>\n\n\n\n
\n\n\n\nThe Bigger Picture: Why This Matters<\/h2>\n\n\n\n
\n\n\n\nTrusted by Leading Enterprises<\/h2>\n\n\n\n
\n\n\n\nIndustry Leaders Weigh In<\/h2>\n\n\n\n
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\u2014 Wael Nafee, Raed Ventures<\/em><\/p>\n<\/blockquote>\n\n\n\n\n
\u2014 Khaled Lababidi, Arbor Ventures<\/em><\/p>\n<\/blockquote>\n\n\n\n
\n\n\n\nConclusion: The Fintech Infrastructure of Tomorrow<\/h2>\n\n\n\n