Stitch, a Saudi Arabia-based fintech startup just raised $25 Million in Series A funding led by Andreessen Horowitz (a16z) This investment is the first deal by US venture capital firm in the GCC area.
Other investors in the round included Arbor Ventures, COTU Ventures, Raed Ventures and SVC. With this most recent funding round, Stitch has raised a total of $35 million to date.
Stitch, which launched in 2022 and is a cloud-based platform tailored towards financial institutions. System enables you to manage lending, card services, payments and ledger management in one platform.
Over the past six months, the company processed over $5bn worth of transactions on its platform. According to Stitch, the number of customers increased 10 times in 2025 and revenue multiplied by more than 20 between 2025 and the year-end.
The company Stitch is designed to help banking and finance services firms with their legacy systems while keeping the rest of the operation up-to-date. The method enables institutions to progressively modernize services without replacing everything at once.
Commenting on the funding, Mohamed Oueida stated that many financial institutions are still reliant on legacy technology systems which proved difficult to replace with new tools to underpin operational excellence.
So far, the company serves customers throughout GCC, Africa (Egypt and Kenya), and some Southeast Asia. Other businesses have been its clients; for instance, Raya Financing and LuLu Exchange, Noqodi, Foodics.
This latest financing round, according to Stitch, will go towards product upgrades, deeper gosh in the GCC and greater MENA countries (middle east and north Africa) domain to assist potential universal development.
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