Stitch, a Riyadh, Saudi Arabia-based operating system built for modern financial institutions, has raised $25 million in Series A funding, bringing its total funding to $35 million.
Investors
The round was led by Andreessen Horowitz (a16z), with participation from existing investors Arbor Ventures, COTU Ventures, Raed Ventures, and SVC.
Andreessen Horowitz (a16z) is a venture capital firm that backs bold entrepreneurs shaping the future through technology. Founded in 2009, the firm manages multiple funds across stages, sectors, and geographies, with over $46 billion in committed capital. a16z invests in seed- to growth-stage companies across AI, bio + healthcare, consumer, crypto, enterprise, fintech, gaming, infrastructure, and companies building toward American dynamism. a16z has over $90B under management across multiple funds.
Stitch Use of Funds
The company will use the funding to accelerate product development, strengthen its presence across the GCC and broader MENA region, and expand its global go-to-market operations.
About Stitch
Stitch is a financial technology company building a cloud-native operating system for financial institutions. Led by CEO Mohamed Oueida, Stitch provides a unified infrastructure stack spanning lending, cards, payments, and ledgers. Headquartered in Riyadh, Saudi Arabia, the company is on a mission to simplify how the world builds and operates financial products so that the institutions relying on it can focus on what matters most: their customers. Stitch currently operates across the GCC, Africa, and Southeast Asia, serving customers including Raya Financing, LuLu Exchange, Noqodi, and Foodics.
Funding Details
Company: Stitch
Raised: $25.0M
Round: Series A
Funding Date: May 2026
Lead Investor: Andreessen Horowitz (a16z)
Additional Investors: Arbor Ventures, COTU Ventures, Raed Ventures, SVC
Company Website: https://www.stitch.co/
Software Category: Fintech Infrastructure Software
Source: https://www.businesswire.com/news/home/20260514070694/en/