Stitch

Stitch raised $25M Series A led by Andreessen Horowitz (a16z's first GCC investment), bringing total funding to $35M. Experiencing 10x customer growth and 20x revenue growth in 2025. Expanding across GCC, MENA, and Southeast Asia.

Leadership read: a16z leading Stitch's Series A marks a harder commitment than a typical early-stage bet: it is the firm's first GCC investment, which means internal investment committee resources, regional partnership infrastructure, and reputational capital are now attached to Stitch's execution. That changes Stitch's operating posture materially. The company is no longer pitching proof-of-concept to regional banks; it is now expected to deliver at institutional scale across GCC, MENA, and Southeast Asia simultaneously, with a marquee backer whose regional debut depends on it. This is one of 12 capital-raising signals we have tracked across the last 90 days, though the related set is diffuse, spanning healthtech, AI infrastructure, and materials, rather than concentrated in fintech core banking. The more relevant comparable cluster sits outside this batch: embedded finance and banking-infrastructure rounds in emerging markets have been a consistent theme across the period, with Ellis AI (private credit AI, $10M seed) and Nebius ($2B AI cloud) illustrating the broader investor thesis that AI performance is gated by infrastructure quality. Stitch's positioning, unified data foundation as a precondition for AI adoption, maps directly to that thesis, and a16z's framing of the round confirms it. Companies reaching this stage of multi-geography expansion in regulated financial infrastructure consistently face rising demand for commercial leadership with sovereign and institutional banking relationships, regulatory operations across multiple licensing regimes, and product leadership at the seam between core banking architecture and AI-layer integration. The GCC-to-Southeast Asia corridor compounds that pressure: each market carries distinct central bank supervision frameworks, and execution credibility with tier-one bank clients depends heavily on operators who have navigated those regimes before.

curated · 2026-05-14 · context →