Stitch
Founded in 2022 and headquartered in Riyadh, Saudi Arabia, Stitch provides a cloud-native, unified operating system for financial institutions, covering lending, cards (prepaid, debit, credit), wallets, deposits, payments and a programmable double-entry ledger on a single stack.
Position in SVTR
Snapshot 2026-10-20- Startup SignalsTop 50%↓18
- FintechTop 50%–
- PaymentsTop 50%–
About
Founded in 2022 and headquartered in Riyadh, Saudi Arabia, Stitch provides a cloud-native, unified operating system for financial institutions, covering lending, cards (prepaid, debit, credit), wallets, deposits, payments and a programmable double-entry ledger on a single stack. Customers include banks, licensed financial institutions, fintechs and non-financial companies embedding financial services, among them Raya Financing, LuLu Exchange, Noqodi, Foodics and Alamoudi Exchange. The company positions itself as an AI-ready system of record replacing fragmented legacy cores, and says institutions launch products roughly 80% faster, typically within 90 days. It operates across the GCC, Africa and Southeast Asia, with over $5 billion transacted in the last six months.
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Capital graph
Founders / core team
Investors
Funding history
- 2026-05-14Series A$25M
Investors · Andreessen Horowitz、Arbor Ventures、COTU Ventures、Raed Ventures、SVC
Comparable companies· by market
This company
BusinessLatest roundTotal raisedDate- Stitch
Founded in 2022 and headquartered in Riyadh, Saudi Arabia, Stitch provides a cloud-native, unified operating system for financial institutions, covering lending, cards (prepaid, debit, credit), wallets, deposits, payments and a programmable double-entry ledger on a single stack. Customers include banks, licensed financial institutions, fintechs and non-financial companies embedding financial services, among them Raya Financing, LuLu Exchange, Noqodi, Foodics and Alamoudi Exchange. The company positions itself as an AI-ready system of record replacing fragmented legacy cores, and says institutions launch products roughly 80% faster, typically within 90 days. It operates across the GCC, Africa and Southeast Asia, with over $5 billion transacted in the last six months.
Series A · $35M · 2026-05
$35M
United States
BusinessLatest roundTotal raisedDate- Transak
Transak, founded in 2019 in Miami, provides infrastructure for cross-border and cross-network cryptocurrency (especially stablecoin) payments and transfers.
Undisclosed · $36M · 2025-08
$36M - Latitude
Latitude is a global payments infrastructure company that lets businesses move seamlessly between local fiat currencies and stablecoins through a single API. Businesses send in stablecoins or USD, and Latitude's Liquidity Network — built on direct integrations with major stablecoin issuers, US bank partners, and licensed local partners market-by-market — disburses funds as local currency into bank accounts or mobile wallets, so recipients never touch a crypto wallet. Products span cross-border payouts (contractors, gig workers, marketplace sellers) and embeddable stablecoin on/off-ramps for wallets and fintechs. Latitude is licensed or approved to operate in 45 US markets and reaches 50+ countries overall, with customers including neobanks, payroll platforms, marketplaces and fintech companies. It competes at the intersection of legacy cross-border remittance networks and pure-play stablecoin infrastructure providers, differentiating on flat transparent pricing and market-by-market regulatory licensing.
Series A · $43M · 2026-09
$43M - Natural
Natural, founded in 2024 in San Francisco, USA, provides payment infrastructure that enables AI agents to autonomously execute transactions.
Series A · $40M · 2026-07
$40M
Europe
BusinessLatest roundTotal raisedDate- CellPoint Digital
CellPoint Digital (formerly CellPoint Mobile), founded in 2006 with its UK entity registered in London in 2010 and offices in Copenhagen, Dallas, Dubai, Miami, Pune and Singapore, is a payment orchestration platform for airlines and hospitality/travel merchants that unifies payment methods, lifts authorization rates and optimizes routing; disclosed customers include Virgin Atlantic, Southwest, Cebu Pacific, Avianca and Riyadh Air. In September 2026 it launched Zenith, an AI decision layer that sits on top of its own or third-party orchestration stacks to turn payment data into automated commercial decisions.
Undisclosed · 2026-09
— - Mews
Founded in 2012, Mews is a cloud-native hospitality operating system providing property management, reservations, guest intelligence, housekeeping, point-of-sale, revenue management and embedded payments for independent hotels, hotel groups, hostels and extended-stay properties. Built by two former hoteliers to replace legacy systems such as Oracle Opera, it has been named the #1 Property Management System by Hotel Tech Report for three consecutive years.
Series D+ · 2026-01 · Valuation $2.5B
—Valuation $2.5B - Nevermined
Nevermined, founded in 2020 in Zug, Switzerland, provides decentralized payment infrastructure that allows AI agents to discover, negotiate, and transact with each other autonomously.
Undisclosed · $4M · 2025-01
$4M
Other / unspecified
BusinessLatest roundTotal raisedDate- Jota
Jota is an AI-native fintech company headquartered in São Paulo, Brazil, founded in 2024. It turns WhatsApp into a primary financial management interface for entrepreneurs, enabling Pix transfers, bill payments, and reconciliation via text, voice, or images, with banking infrastructure provided by Celcoin under central bank regulation. Within approximately one year of launch, it has accumulated around 300,000 customers and an annualized transaction volume of BRL 3.5 billion.
Series A · $30M · 2026-06 · Valuation $185M
$30MValuation $185M - Cashea
Cashea , a four-year-old Caracas startup that provides zero-interest installment financing that lets Venezuelan shoppers split online and in-store purchases into bi-weekly payments, raised a $60 million Series B round led by FinSight Ventures , with Spice Expeditions and Endeavor Catalyst also opting in. The company has raised a total of $100 million in debt and equity. Pulse 2.0 has more here .
Series B · $60M · 2026-07
$60M - Konnex
Konnex (Konnex World), founded in 2025, is registered in the British Virgin Islands with staff in the U.S. and bills itself as the finance layer for physical AI. It runs a purpose-built layer-one blockchain and decentralized marketplace where autonomous robots and AI models discover jobs, contract with each other, license behaviour models, verify physical work via Proof-of-Physical-Work and settle in stablecoins; its marketplace for robotics behaviour models, sensor data and compute is live, and the chain has run on public testnet across 30 subnets since January 2026. It has a native token, KNX.
Undisclosed · $34M · 2026-09
$34M
Confirmed rounds only. Matched on subsector, sector, stage and funding scale — each verifiable on the company profiles.
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