Stitch
Summary active Updated May 15, 2026This profile is AI-generated. If you spot an error, please help us fix it by sharing a URL to the correct information.
Investors
Founders
About
Stitch is a Riyadh-headquartered financial technology provider that builds a unified, cloud-native operating system for modern financial institutions, spanning lending, cards, payments, and ledgers 12. The company was founded in 2022 by Mohamed Oueida and aims to replace banks’ fragmented, legacy core systems with a single AI-ready system of record that lets institutions launch new products up to 80% faster than traditional methods 23. In the six months leading up to its May 2026 raise, more than $5 billion has been transacted on the Stitch platform; customer count grew 10x in 2025 and revenue grew 20x in the same period 1. The $25M Series A announced on May 14, 2026 was led by Andreessen Horowitz — the firm’s first investment in the GCC — with continued participation from existing investors Arbor Ventures, COTU Ventures, Raed Ventures, and SVC, bringing total funding to $35M 123.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2025-05 | Seed | $10M | Arbor Ventures, COTU Ventures, Raed Ventures, SVC 4 | |
| 2026-05-14 | Series A | $25M | Andreessen Horowitz | Arbor Ventures, COTU Ventures, Raed Ventures, SVC 123 |
What Investors Say
No independently sourced investor commentary on the round is available at this time beyond the press release.
What Founders Say
No independently sourced founder testimonials beyond the press release are available at this time.
Sources
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Stitch press release via Business Wire, “Stitch Raises $25M Series A Led by Andreessen Horowitz,” May 14, 2026. Accessed May 2026. https://www.businesswire.com/news/home/20260514070694/en/Stitch-Raises-$25M-Series-A-Led-by-Andreessen-Horowitz↩↩↩↩
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PYMNTS, “Saudi FinTech Stitch Raises $25 Million to Replace Fragmented Bank Cores,” May 14, 2026. Accessed May 2026. https://www.pymnts.com/news/fintech-investments/2026/saudi-fintech-stitch-raises-25-million-to-replace-fragmented-bank-cores/↩↩↩↩
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Wamda, “a16z backs Saudi fintech Stitch in its first-ever GCC deal,” May 2026. Accessed May 2026. https://www.wamda.com/2026/05/a16z-backs-saudi-fintech-stitch-gcc-deal↩↩↩
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Menabytes, “Saudi infrastructure fintech Stitch raises $10 million seed to help banks and fintechs build faster,” May 2025. Accessed May 2026. https://www.menabytes.com/stitch-seed/↩