Stitch
Founded Year
2017Stage
Series A | AliveTotal Raised
$27MLast Raised
$21M | 5 mos agoAbout Stitch
Stitch designs and develops tools that reduce the technical and operational effort required for apps to connect to their users' financial accounts. Through APIs, it allows other companies to integrate otherwise complex services to build from scratch by simply adding a few lines of code.
Stitch Headquarter Location
35 Wesley Street
Western Cape, 8001,
South Africa
Stitch's Product Videos
Stitch's Products & Differentiation
See Stitch's products and how their products differentiate from alternatives and competitors
Pay-ins
Fintechs and e-commerce solutions can enable customers to make seamless, one-click pay-ins, without leaving their product flow. Ideal for wallet funding, loan repayments, collections, e-commerce checkouts and more.
Differentiation
Stitch tokenizes user accounts so customers log into their accounts via Stitch once and can make a payment with just one click every time after, with lower fees vs card and without fraud. Coverage a…
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Differentiation
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We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.
Differentiation
We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.
Subscribe to see more
We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.
Differentiation
We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.
Research containing Stitch
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Stitch in 3 CB Insights research briefs, most recently on Jun 6, 2022.
Expert Collections containing Stitch
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Stitch is included in 1 Expert Collection, including Fintech.
Fintech
3,392 items
Excludes US-based companies
Latest Stitch News
Jun 10, 2022
Online clothing retailer Stitch Fix to cut 15% of its salaried roles SECTIONS Reuters Rate Story Synopsis Decades-high inflation and the impact of the war in Ukraine have pressured Corporate America to consider laying off people or put a freeze on hiring. ETtech Illustration: Rahul Awasthi Stitch Fix Inc said on Thursday it is reducing its workforce by around 15% of salaried positions, as the online personalised styling service firm aims to return to profitability. Decades-high inflation and the impact of the war in Ukraine have pressured Corporate America to consider laying off people or put a freeze on hiring. The layoff at Stitch Fix accounts for nearly 4% of the roles, or around 330 positions in total, with most of them in its non-technology corporate and styling leadership roles, Chief Executive Officer Elizabeth Spaulding said. "(The decision) was one we needed to make to position ourselves for profitable growth ... There will be tough choices along the way, and this is one of those," Spaulding wrote in a message to Stitch Fix employees. Stitch Fix expects to save $40 million to $60 million in costs in fiscal 2023 from the job cuts and other changes, while incurring charges of around $15 million to $20 million in the fourth quarter. Shares, which closed more than 10% lower on Thursday, were down nearly 6% in extended trading after Stitch Fix reported revenue for the third quarter below expectations. Discover the stories of your interest
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When was Stitch founded?
Stitch was founded in 2017.
Where is Stitch's headquarters?
Stitch's headquarters is located at 35 Wesley Street, Western Cape.
What is Stitch's latest funding round?
Stitch's latest funding round is Series A.
How much did Stitch raise?
Stitch raised a total of $27M.
Who are the investors of Stitch?
Investors of Stitch include Village Global, CRE Venture Capital, Firstminute Capital, Spruce House Investment Management, TrueLayer and 27 more.
Who are Stitch's competitors?
Competitors of Stitch include OnePipe and 3 more.
What products does Stitch offer?
Stitch's products include Pay-ins and 3 more.
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