Stitch

Based in Saudi Arabia, Stitch is a fintech company that provides a comprehensive platform enabling financial institutions to efficiently manage and scale diverse financial products, enhancing operational efficiency and customer experience. Based in Riyadh, Saudi Arabia, Stitch operates as a fintech company offering a platform for financial institutions. The company was founded in 2022 by Mohamed Oueida (CEO as of 2026). In May 2026, Stitch raised USD 25 million in series A funding led by Andreessen Horowitz, with participation from COTU Ventures, Saudi Venture Capital Company, RAED Ventures, and Arbor Ventures.

Stitch provides a unified platform that empowers financial institutions to build, manage, and scale a variety of financial products, including ledgers, cards, lending solutions, and deposit systems. The platform is designed to streamline operations and enhance customer experiences by integrating essential financial tools into a single infrastructure. Key functionalities include real-time transaction tracking, customizable card issuance, and modern lending capabilities that facilitate quick onboarding and settlement processes. Stitch targets regulated entities such as banks, lenders, and other financial service providers, with plans to expand accessibility to unregulated institutions.

Its products are marketed primarily in the MENA region, including countries such as Saudi Arabia and the UAE, along with growing fintech ecosystems globally. Revenue: Stitch's revenue model is structured around service subscriptions and partnerships with financial institutions. Clients engage with Stitch by integrating its modular platform into their existing systems, thereby streamlining transaction processes and enhancing operational efficiency. Stitch's revenue model is structured around service subscriptions and partnerships with financial institutions.

Clients engage with Stitch by integrating its modular platform into their existing systems, thereby streamlining transaction processes and enhancing operational efficiency. Revenue is generated through these partnerships, along with transaction-based fees associated with the use of specific products, such as card issuance and lending solutions. While precise pricing plans for individual services are not disclosed, the company’s offerings are designed to cater to a variety of financial service needs, facilitating smooth operations for institutions looking to enhance their financial product portfolios. The seamless integration and performance of Stitch's platform position it as a competitive player in the financial technology landscape.

The company plans to use the May 2026 funding to expand its engineering team, build out its cloud‑native core banking modules for lending, payments, cards, and ledgers, and support its expansion across existing and new international markets.