{
Mohamed Oueidat

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stitch secures 10 million funding to enhance financial infrastructure in mena

Stitch, a Saudi Arabia-based platform for financial product development, has secured $10 million in seed funding led by Arbor Ventures and others. The investment will enhance its technology and team, addressing challenges in the region's outdated financial systems and complex regulations. Currently serving clients in Saudi Arabia, the UAE, and East Africa, Stitch aims to streamline the launch of financial services, reducing deployment times by up to 80%.
Fintechnews Middle East
United States Dollar Saudi Riyal ARE KEN SAU Jason Gardner Hisham Abdulmalik Alsheikh Mohamed Oueidat Show more
Finance & Economy, Press Release
06:05 02.06.2025

mena startups attract investment and expand through strategic acquisitions and funding rounds

Startups in the MENA region are gaining momentum, with significant funding and acquisitions highlighting the innovation ecosystem. Notable developments include UAE's Tech Universal Ventures acquiring FixSquad and ELVA11, while fintech startup Stitch raised $10 million, and Qashio secured $19.8 million to expand into Saudi Arabia. Additionally, COREangels MEA launched a $10 million fund for early-stage fintech startups, and BirdEye and Gainz also reported successful funding rounds to support their growth.
Arab News Japan
TUR IRQ SAU EGY ARE SWE Abdulrahman Alobud Darko Atijas Mohamed Oueidat Mostafa Khattab Abdullah Bin Omairah Show more
Business & Industry, News Article
14:37 01.06.2025

mena startups attract investment and expand through strategic acquisitions and funding rounds

Startups in the MENA region are gaining momentum, with significant funding and strategic acquisitions highlighting the innovation ecosystem. Notable developments include Stitch raising $10 million for its API-driven platform, Qashio securing $19.8 million for expansion into Saudi Arabia, and Tech Universal Ventures acquiring FixSquad and ELVA11 to enhance digital infrastructure. Additionally, COREangels MEA launched a $10 million fund for early-stage fintech startups, while M&A activity surged by 31% in Q1, driven by the UAE and the tech sector.
Arab News
TUR IRQ SAU EGY ARE SWE Abdulrahman Alobud Darko Atijas Mohamed Oueidat Mostafa Khattab Abdullah Bin Omairah Show more
Business & Industry, News Article
21:42 31.05.2025

stitch secures 10 million funding to transform banking infrastructure in mena

Stitch, a Saudi Arabia-based startup founded in 2022, has successfully closed a $10 million seed round to modernize banking infrastructure in the MENA region. The platform enables businesses to launch and scale financial products more efficiently, addressing significant barriers in the market. With backing from prominent investors and major clients already leveraging its technology, Stitch aims to transform the financial ecosystem by providing a unified, API-driven solution tailored for modern needs.
Lucidity Insights
United States Dollar Saudi Riyal Al Rajhi Bank IND KEN SAU Khaled Lababidi Wael Nafee Hisham Abdulmalik Alsheikh Jason Gardner Nora Alsarhan Mohamed Oueidat Show more
Finance & Economy, Press Release
03:12 29.05.2025
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