Saudi Arabia-based fintech Stitch has raised $25 million in Series A funding led by the US-based VC Andreessen Horowitz (a16z).
The round marks a16z’s first investment in the GCC and includes participation from Arbor Ventures, COTU Ventures, Raed Ventures, and SVC.
Founded in 2022 by Mohamed Oueida, Stitch develops a cloud-native operating system for financial institutions covering lending, cards, payments, and ledgers.
Stitch claims to have processed more than $5 billion in transactions over the last six months, while customer numbers grew 10x in 2025.
The funding will support product development, regional expansion across MENA, and global go-to-market growth.
