Stitch Secures $25M Series A Led By Andreessen Horowitz

This brings Stitch’s total funding to $35 million, with participation from Arbor Ventures, COTU Ventures, Raed Ventures, and SVC.

Despite over $1 trillion spent on digital transformation in recent years, most banks still rely on fragmented legacy systems that slow innovation and make upgrades risky.

While the global banking sector spends around $700 billion annually on technology, launching new products can still take years. As AI adoption accelerates, this outdated infrastructure has become a major barrier, since modern AI systems require clean, unified data foundations.

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Founded by industry veterans from NPCI, FIS, Barclays, Santander, and Azentio, Stitch was built to address this gap. Its cloud-native platform provides a unified system for lending, cards, payments and ledgers, allowing financial institutions to adopt modules gradually without replacing core systems all at once.

The platform is already seeing strong traction, with over $5 billion transacted in the last six months, 10x customer growth, and 20x revenue growth in 2025. Stitch operates across the GCC, Africa, and Southeast Asia, serving clients such as Raya Financing, LuLu Exchange, Noqodi, and Foodics.

The new funding will support product development and global expansion, particularly across the GCC and MENA regions.

“Financial institutions globally run on fragmented, legacy infrastructure that should have been left behind 20 years ago. Now every institution wants to adopt AI, but AI on top of broken infrastructure is a dead end,” said Mohamed Oueida, founder and CEO of Stitch. “We built Stitch to fix that, and we're proud to have Andreessen Horowitz alongside us.” 

“Financial institutions are sitting on decades of infrastructure debt, and that debt is now the single biggest obstacle to AI adoption. What Stitch is building, a modern, unified system of record, is what makes everything else possible. We're excited to support them, and honored to make this our first investment in the region," said Alex Rampell, General Partner at Andreessen Horowitz.

About Stitch

Stitch is an AI-native operating system for modern financial institutions that simplifies building, launching and scaling financial products. It replaces legacy, fragmented systems with a unified platform for storing moving and lending money. Stitch enables banks and fintechs to innovate faster, reduce complexity and lower the cost of financial operations.