Stitch, headquartered in Riyadh, has raised $25 million in a Series A funding round led by Andreessen Horowitz (a16z), marking the firm’s first investment in the Gulf region and bringing Stitch’s total funding to $35 million.

The round also included participation from existing investors such as Arbor Ventures, COTU Ventures, Raed Ventures, and SVC.

Stitch is building a unified operating infrastructure layer for financial institutions covering lending, payments, cards, and ledger systems, aiming to solve the fragmented legacy infrastructure challenges facing the global banking sector.

The company argues that financial institutions are constrained not by a lack of applications, but by decades-old infrastructure systems that limit digital transformation and slow AI adoption due to the absence of reliable unified data systems.

To address this, Stitch has developed a cloud-native platform that allows banks and financial institutions to modernize their infrastructure gradually without fully replacing legacy systems through a phased adoption model.

Over the past six months, transaction volumes processed through the platform exceeded $5 billion, while the company reported 10x customer growth and 20x revenue growth during 2025.

Stitch currently operates across the GCC, Egypt, Kenya, and Southeast Asia, serving financial institutions and digital financial services companies.

The investment reflects a broader shift in fintech investing toward foundational financial infrastructure and system architecture rather than consumer-facing fintech applications alone.