Stitch Raises $4M Seed to Build Banking API Infrastructure in Africa

Stitch, an Africa-focused banking API company, raised $4M in a seed round co-led by Raba Capital and firstminute capital. The startup is building what it describes as a fintech graph — an API infrastructure layer that connects businesses to financial services providers across the continent. Stitch's platform enables companies to embed payments, account verification, and other banking capabilities into their applications without building direct bank integrations.

The company addresses a critical infrastructure gap in African fintech, where fragmented banking systems make it difficult for developers to access financial data and initiate transactions programmatically. The seed funding will support expansion of bank connections and API capabilities across multiple African markets. Stitch's approach mirrors the Plaid-style open banking infrastructure model but adapted for African financial ecosystems.

The investment reflects growing confidence in Africa's embedded finance opportunity and the need for BaaS-adjacent infrastructure on the continent.