The round will add significant global investment power –including QED Investors, Flourish Ventures, Norrsken22 and Glynn Capital – to the firm’s already expansive list of backers, including Ribbit Capital, PayPal Ventures, Firstminute Capital and angels such as Trevor Noah.

"We're super excited and proud to be where we are in the market today. We feel we've earned the right to work with clients across the board – not just for online or in-person payments, but with any money movement needs,” said the Stitch team. “It felt like the right time to more aggressively expand our offering so we can further serve our clients.

We've been fortunate to know all the new investors in the round for many years, and they all come with an impressive amount of fintech experience, including support in scaling similar businesses in other markets."

Stitch has seen impressive growth since emerging from stealth in February 2021, standing out thanks to the team’s deep understanding of the payments needs and requirements for enterprise merchants. Beyond access to all local online payment methods and in-person payments, the Stitch platform is also known for:
 

• Fraud prevention, with its award-winning Shield product

• Flexibility and customisation for enterprise merchants

• Client services, including technical and integration support    

• 24/7 customer support

• Built-in redundancies and automated routing to improve conversion and reliability