{"id":46942,"date":"2025-05-28T14:51:57","date_gmt":"2025-05-28T11:51:57","guid":{"rendered":"https:\/\/entarabi.com\/?p=46942"},"modified":"2025-05-28T15:08:11","modified_gmt":"2025-05-28T12:08:11","slug":"saudi-fintech-stitch-closes-10-million-seed-round","status":"publish","type":"post","link":"https:\/\/entarabi.com\/en\/2025\/05\/saudi-fintech-stitch-closes-10-million-seed-round\/","title":{"rendered":"Saudi Fintech Stitch Closes $10 Million Seed Round"},"content":{"rendered":"<ul>\n<li dir=\"ltr\" style=\"text-align: left;\"><strong>Saudi-based Stitch announces completion of a $10 million Seed round to support the Kingdom\u2019s fintech services.<\/strong><\/li>\n<li dir=\"ltr\" style=\"text-align: left;\"><strong>The round saw participation from prominent investors including Arbor Ventures, COTU Ventures, Raed Ventures, SVC, and a number of family offices and financial sector veterans.<\/strong><\/li>\n<li dir=\"ltr\" style=\"text-align: left;\"><strong>The company plans to use the funding to expand its team and strengthen its digital platform.<\/strong><\/li>\n<\/ul>\n<p dir=\"ltr\" style=\"text-align: left;\"><strong>Stitch<\/strong>, the Saudi fintech platform, has successfully closed a $<strong>10 million Seed investment round.<\/strong><\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">The company serves as a<strong> technology partner<\/strong> for<strong> banks, fintech<\/strong> firms, and non-financial institutions looking to <strong>integrate<\/strong> and scale their <strong>financial services<\/strong>.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">About the Round<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">The Seed round attracted participation from several major investment funds, including <strong>Arbor Ventures,<\/strong> <strong>COTU Ventures, Raed Ventures<\/strong>, and <strong>SVC<\/strong>, alongside family offices and seasoned industry professionals such as <strong>Jason Gardner<\/strong>, founder of <strong>Marqeta<\/strong>, and <strong>Abdulmalik Al-Sheikh,<\/strong> a key contributor to the development of national payment networks like <strong>Mada<\/strong> and SADAD.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\"><strong>Stitch<\/strong> intends to channel the funds into team expansion and platform enhancement, further solidifying its position as a <strong>trusted financial infrastructure<\/strong> provider in the region.<\/p>\n<h2 dir=\"ltr\" style=\"text-align: left;\">About Stitch<\/h2>\n<p dir=\"ltr\" style=\"text-align: left;\">Founded in 2022, Stitch offers API-driven solutions that enable institutions to <strong>launch banking and payment products<\/strong> more rapidly by removing the hurdles of l<strong>egacy systems<\/strong>.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">The company began operations in <strong>Saudi Arabia and the UAE<\/strong>, and has since expanded into <strong>Africa<\/strong>, <strong>starting<\/strong> with the<strong> Kenyan market<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stitch, the Saudi fintech platform, has successfully closed a $10 million Seed investment round.<\/p>\n","protected":false},"author":11,"featured_media":46938,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"post_subtitle":"","footnotes":""},"categories":[1810],"tags":[8529,5931,4298,8528,8527,3253],"class_list":["post-46942","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech","tag-arbor-ventures-en","tag-mada","tag-raed-ventures","tag-sadad","tag-stitch","tag-svc"],"_links":{"self":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/46942","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/comments?post=46942"}],"version-history":[{"count":0,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/46942\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media\/46938"}],"wp:attachment":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media?parent=46942"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/categories?post=46942"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/tags?post=46942"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}