Riyadh – Mubasher: Saudi fintech Stitch has secured $25 million in Series A funding led by the US-based VC Andreessen Horowitz (a16z), marking its first investment in the GCC region.
The transaction brings Stitch’s total funding to $35 million, according to a press release.
The fresh capital will be directed to accelerating product development, expanding Stitch’s presence across the GCC and broader MENA region, and scaling its global go-to-market operations.
Founded in 2022, Stitch develops a cloud-native operating system for financial institutions covering lending, cards, payments, and ledgers.
In the last six months alone, the platform witnessed the execution of more than $5 billion in transactions. Customer numbers grew 10x in 2025, and revenue grew 20x in the same period.
Stitch currently operates across the GCC, Africa, including Egypt and Kenya, and Southeast Asia, with customers including Raya Financing, LuLu Exchange, Noqodi, and Foodics.
Founder and CEO of Stitch, Mohamed Oueida, commented: "Financial institutions globally run on fragmented, legacy infrastructure that should have been left behind 20 years ago. Now every institution wants to adopt AI, but AI on top of broken infrastructure is a dead end. We built Stitch to fix that, and we're proud to have Andreessen Horowitz alongside us.”
