Stitch Money
1. Overview
Stitch is a South Africa–based fintech company offering a unified payments API and orchestration tools designed for enterprises, platforms, and marketplaces across Africa. The company supports digital payments, bank transfers, payouts, and fraud protection under rigorous compliance standards like ISO 27001 and PCI DSS Level 1.
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Founded: 2019 by Kiaan Pillay, Priyen Pillay, and Junaid Dadan
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Headquarters: Cape Town, South Africa
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Team: 51–200 people (LinkedIn)
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Website: stitch.money
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Funding: Over $107M raised, including a recent $55M Series B round
2. Use Case
Stitch powers a wide range of use cases for enterprise clients, including:
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Accepting online payments across cards, wallets, and bank transfers
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Offering in-person payments at point-of-sale (via ExiPay acquisition)
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Enabling automated payouts and disbursements
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Managing treasury operations with PayOS for orchestration and failover
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Providing e-commerce plug-ins via Stitch Express
3. Product Features
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Online Payments: Card, bank, and alternative payments via API
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In-Person Payments: Hardware-agnostic support for retail payments
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Payouts: 24/7 withdrawals, refunds, and salary disbursements
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Orchestration: Unified system to manage routing, reconciliation, and fraud
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Account Top-Ups: Wallet and customer account funding
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Stitch Express: Plug-and-play for platforms like Shopify and WooCommerce
More info at stitch.money.
4. Security & Compliance
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Certified under ISO 27001 and PCI DSS Level 1
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Offers fraud protection, 3D Secure, and payment redundancy
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Suitable for regulated, high-volume clients and multinational PSP integrations
5. Clients & Adoption
Stitch works with top African brands such as:
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MTN, SnapScan, Multichoice, and Foschini Group
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Recognized by CB Insights as a Top 100 fintech in 2024
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Named in Fintech Magazine for its Series A expansion and regional leadership
6. Final CyberFinance Compliance Rating
| Category | Rating | Notes |
|---|---|---|
| Authorization | 🟢 GREEN | Strong certification (ISO + PCI DSS) |
| Transparency | 🟢 GREEN | Full disclosure of team, products, and docs |
| Customer Feedback | 🟢 GREEN | Trusted by top African enterprises |
| Financial Soundness | 🟢 GREEN | $107M+ in funding, high adoption |
🟢 Final Rating: GREEN SIGNAL
📌 Ratex42 Summary
Stitch is one of Africa’s most robust enterprise payment providers. With a modular suite of APIs and orchestration tools, the platform bridges local and global payment rails. Its strong compliance posture, trusted clientele, and API-first approach make it a top-tier partner for enterprise-scale digital finance in Africa and emerging markets.
