Financial infrastructure provider Stitch has raised US$25 million in Series A funding led by Andreessen Horowitz (a16z).
The investment marks the venture capital firm’s first investment in the GCC and brings the total capital raised by the startup to US$35 million.
Stitch provides a cloud-native technology stack that covers lending, cards, payments, and ledgers.
The platform enables institutions to modernise core infrastructure module by module without ripping out existing systems overnight.
The technology is positioned as a foundational layer for AI adoption in financial institutions.
“Financial institutions globally run on fragmented, legacy infrastructure that should have been left behind 20 years ago,”
said Mohamed Oueida, Founder and CEO, Stitch.
“Now every institution wants to adopt AI, but AI on top of broken infrastructure is a dead end.”
Existing investors Arbor Ventures, COTU Ventures, Raed Ventures, and SVC joined a16z in the funding round.
The startup reported strong growth metrics leading up to the investment, including processing more than US$5 billion in transactions over the past six months and recording a tenfold increase in customer numbers in 2025.
Stitch currently operates across Southeast Asia, the Middle East, and Africa. Its customer base includes Raya Financing, LuLu Exchange, Noqodi, and Foodics.
The newly raised capital will be used to accelerate product development and expand global go-to-market operations.
“Financial institutions are sitting on decades of infrastructure debt, and that debt is now the single biggest obstacle to AI adoption,”
said Alex Rampell, General Partner, Andreessen Horowitz.
“What Stitch is building, a modern, unified system of record, is what makes everything else possible.”
Featured image credit: Edited by Fintech News UAE, based on image by ilygraphic via Magnific
