Stitch Raises $25M Series A Led by a16z for Cloud-Native Banking OS
Stitch, a Riyadh-based fintech building cloud-native infrastructure for financial institutions, raised $25 million in a Series A round led by Andreessen Horowitz on May 14, 2026. The deal is a16z's first investment in the GCC and brings Stitch's total funding to $35 million. Existing investors Arbor Ventures, COTU Ventures, Raed Ventures, and SVC also participated.
The platform offers a modular stack spanning lending, cards, payments, and ledgers that institutions can adopt without replacing existing systems all at once. More than $5 billion has been transacted on the platform in the past six months. Customer numbers grew 10x in 2025 and revenue grew 20x in the same period.
Stitch operates across the GCC, Africa (including Egypt and Kenya), and Southeast Asia, with customers including Raya Financing, LuLu Exchange, Noqodi, and Foodics.
- a16z backing signals growing investor focus on core banking infrastructure modernization as a prerequisite for embedded finance at scale.
- Positions MENA and GCC as high-growth regions for next-generation banking-as-a-service infrastructure.