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Open finance continues to be a significant theme in the world of fintech as businesses tap APIs to access customers’ financial accounts and provide a gamut of integrated and embedded financial services. In the latest development, Stitch — one of the prominent players building and operating these APIs in Africa — confirmed to TechCrunch that it has raised $21 million in Series
Open finance continues to be a significant theme in the world of fintech as businesses tap APIs to access customers’ financial accounts and provide a gamut of integrated and embedded financial services. In the latest development, Stitch — one of the prominent players building and operating these APIs in Africa — confirmed to TechCrunch that […]
Two months into 2021, South African fintech Stitch came out of stealth and raised $4 million in seed funding, allowing it to begin to make inroads into Nigeria some months ago. Today, Stitch formally announced the expansion into Nigeria and a seed extension of $2 million to go with it; the total seed investment now stands […]
2. CryptoCompare ranks Luno as sixth crypto startup globally Latest CryptoCompare Exchange Benchmark has ranked South African cryptocurrency startup Luno amongst the top six cryptocurrency exchanges globally. The ranking comes as the startup secures one million new users in seven weeks. According to Luno, however, its success can be linked to how its platform offered education, making its processes simple both on its online and mobile platforms. Industry review revealed that the crypto startup has continuously and actively worked with regulators and banks to safely increase access to cryptocu...
Stitch emerges from stealth with $4M for its API fintech play in Africa Over the years, there has been a growing trend of fintech infrastructure players around the world. In Africa, a handful of startups have launched in the past three years to provide such services. Stitch, a South African fintech startup, is one of them; today, it is coming out of stealth and announcing its seed round of $4 million. This makes it the largest round raised by any API fintech startup in Africa at the moment. Founded by Kiaan Pillay, Natalie Cuthbert and Priyen Pillay, Stitch wants to provide full API access to...