South African fintech innovator Stitch has secured $55 million in its latest funding round, reinforcing its mission to revolutionize Africa’s payments infrastructure with secure, scalable, and regulatory technology-compliant solutions.

This milestone follows a previous $46 million venture capital injection, with an additional $4.2 million coming from Raba Partnership, an African-focused investment firm. The round signals growing investor confidence in Stitch’s strategic role within the regional RegTech and fintech ecosystem.

Driving Regulatory-Compliant Business Payments

At the heart of Stitch’s offering is a unified payments API platform engineered to simplify and consolidate business payments across multiple financial institutions. With a strong focus on compliance management, data privacy, and seamless user experience, Stitch empowers enterprises with flexible, secure, and regulation-ready payment solutions that enhance operational efficiency and financial crime prevention.

This funding round builds on Stitch’s $25 million Series A extension completed in October 2023, which was earmarked for infrastructure expansion and the development of a robust toolkit for developers and enterprises. The goal: to deliver compliance-ready, reliable, and fraud-resistant financial experiences across the continent.

Scaling Operations with RegTech Innovation

With this new injection of capital, Stitch plans to deepen its presence in key African markets, enhance its platform’s capabilities, and support regulatory compliance frameworks tailored to diverse jurisdictions. The company remains focused on delivering user-centric solutions that align with evolving regulatory requirements, such as anti-money laundering (AML) protocols, Know Your Customer (KYC) processes, and regulatory reporting standards.

Stitch’s expansion strategy also prioritizes compliance automation and internal controls, ensuring businesses can scale payments without sacrificing risk oversight or governance. By embedding compliance analytics and risk mitigation tools into its platform, Stitch is positioning itself as a RegTech solutions leader in Africa’s dynamic digital economy.

Fueling Africa’s Digital Financial Future

As Regulatory Technology trends continue to reshape the continent’s economic landscape, Stitch’s latest funding milestone highlights the demand for next-generation payment platforms that are both innovative and regulation-aligned. The company’s commitment to regulatory intelligence and secure payment innovation underscores its strategic role in supporting Africa’s shift toward compliance-first digital finance.

With this funding round, Stitch is not just scaling technology—it is scaling trust, transparency, and transformation in Africa’s financial services industry.