Stitch Secures $55 Million Funding Round, Total Funding Reaches $107 Million

South African fintech company Stitch has raised an additional $55 million in its Series B funding round, bringing its total investment to $107 million since its inception. The fresh funds will be directed towards expanding the company’s capabilities and enhancing its online payment solutions. QED Investors led the round, with participation from Glynn Capital, Flourish Ventures, Norrsken22, and existing investors like Ribbit Capital, PayPal Ventures, and The Raba Partnership. This funding follows a strong track record of growth for Stitch, which has seen significant expansion in customer base and payments volume since its inception.