Stitch
Stitch is a South African payments infrastructure company providing a unified platform for online and in-person payments, card acquiring, payouts, orchestration, and BNPL, serving enterprise and SMB merchants across South Africa with plans for international expansion.
- Company typePrivate
- Founded2018
- HeadquartersCape Town, South Africa
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What Stitch does
Stitch is a South African payments infrastructure company headquartered in Cape Town, founded in 2018 and operating as Stitch Money Proprietary Limited (registration 2018/409288/07). The company provides a unified platform spanning online payments, in-person payments, payouts, card acquiring, payment orchestration, embedded fraud detection, and — as of May 2026 — Buy Now Pay Later. Its core technology is the Stitch PayOS orchestration platform built on a GraphQL API architecture, which routes transactions across multiple direct bank and network integrations with automated failover (claimed 99.995% uptime), unified reconciliation, network tokenization, and dynamic 3DS. Stitch serves both enterprise merchants (via Stitch Enterprise with bespoke integrations and dedicated client success) and SMBs (via Stitch Express self-serve onboarding and plugins for Shopify, WooCommerce, Squarespace, and Webflow). Named enterprise customers include MTN, Vodacom, Takealot, FlySafair, Hollywoodbets, Mr D, Luno, Bash, The Courier Guy, and Betway, with "thousands" of total businesses on the platform and 6m+ South African consumers paying via Stitch.
The business model is transaction-based: Stitch earns Service Fees deducted from each transaction across card, Pay by Bank, EFT, crypto, BNPL and recurring payment methods (DebiCheck), with enterprise subscription revenue layered on top via Stitch Enterprise. Pricing is not publicly listed; fees vary by product, channel, and merchant. Following the July 2025 acquisition of Efficacy Payments (a SARB-designated acquirer), Stitch operates as a vertically integrated end-to-end card acquirer, earning fees inclusive of acquirer fees. Regulatory positioning is a core differentiator: Stitch holds ISO 27001 and PCI DSS Level 1 certifications and is a registered Third Party Payment Provider (TPPP) and System Operator with PASA in South Africa.
Capital and strategic posture: Stitch has raised $107 million across four funding rounds from a high-quality syndicate including QED Investors (Series B lead), Ribbit Capital (Series A extension lead), The Spruce House Partnership (Series A lead), PayPal Ventures, Flourish Ventures, Norrsken22, Glynn Capital, Firstminute Capital, CRE Ventures, and angel Trevor Noah. In 2025 the company executed two acquisitions (ExiPay for in-person payments in January; Efficacy Payments for card acquiring in July), launched a BNPL product in May 2026, and stated plans to expand into the US, UK and broader African markets beyond its existing Nigerian operations. The company maintains three subsidiaries (ExiPay, Efficacy Payments, WigWag) and operates single-country domestic distribution through direct sales, self-serve PLG, API/developer channels, e-commerce plugins, and white-label OEM partnerships.
Stitch firmographics
Firmographics- Name
- Stitch
- Legal name
- Stitch Money Proprietary Limited
- Website
- https://stitch.money
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Stitch is a South African payments infrastructure company providing a unified platform for online and in-person payments, card acquiring, payouts, orchestration, and BNPL, serving enterprise and SMB merchants across South Africa with plans for international expansion.
- Ownership category
- akta.pro rank
Stitch industry classification
Industry- Product category
- Payment Infrastructure
- akta.pro primary industry
- Integrated POS Payments (ISVs & Vertical POS Platforms) (FSAMADAD)
Keywords
Where Stitch is headquartered
LocationHeadquarters
- HQ city
- Cape Town
- HQ country
- South Africa
- HQ region
- Africa
Offices2 records
Markets served
Stitch business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales
Revenue model
- Transaction Processing Fees: Primary revenue stream earned via Service Fees deducted from each transaction processed through the Stitch platform for both online and in-person payments. Fees vary by product (card, Pay by Bank, EFT, crypto, BNPL) and are accessible on the Stitch Express Dashboard.
- Card Acquiring Revenue (via Efficacy Payments): Revenue from end-to-end card acquiring services offered through Stitch + Efficacy Payments, following the July 2025 acquisition of Efficacy Payments (a SARB-designated acquirer). Stitch operates as a System Operator and earns fees inclusive of acquirer fees.
- Payouts & Disbursements Fees: Revenue from seamless, automated payouts (24/7, 365) including refunds, withdrawals, and disbursements enabled through the Stitch platform.
- Enterprise Subscription & Platform Services: Enterprise-tier recurring revenue from bespoke integrations, 24/7 engineer-led tech support, dedicated client success, and omnichannel payment platform access under the Stitch Enterprise offering.
- BNPL Transaction Revenue: Revenue from the newly launched Buy Now Pay Later product (May 2026) that allows shoppers to split purchases into 2-6 interest-free installments while merchants receive full transaction value within 24 hours minus fees.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Custom/quote-based pricing per transaction for enterprise and SMB merchants, with Service Fees deducted per Transaction |
Go-to-market motion4 records
Distribution channels5 records
Marketing channels11 records
Stitch product offering
Product offeringCore offering
Stitch is a South African payments infrastructure company that provides a single platform unifying online and in-person payments, payouts, card acquiring, payment orchestration, and reconciliation for South African businesses. Its product suite includes a GraphQL-based payment API, plug-and-play e-commerce plugins, in-person POS devices, embedded fraud detection (Stitch Shield), BNPL, recurring payments (DebiCheck), and a unified reconciliation dashboard, offered through an Enterprise tier for large merchants and an Express tier for growing e-commerce and retail merchants.
Product overview
Stitch is a South African payments infrastructure company operating as a single platform that unifies online and in-person payments, payouts, card acquiring, payment orchestration and reconciliation for South African businesses of all sizes. Its offering combines a core platform (Stitch Enterprise for large, complex merchants and Stitch Express for growing e-commerce and retail merchants) with modular products including Stitch Online Payments, Stitch In-Person Payments, Stitch Payouts, Stitch Card Acquiring (via the acquired Efficacy Payments), Stitch Payment Methods, Stitch PayOS (orchestration), Stitch Shield (embedded fraud solution), Payments Optimisation, Buy Now Pay Later and Recurring Payments/Collections. Supporting these is the Stitch API, a GraphQL-based developer platform with a Stitch IDE for testing integrations, plus e-commerce plugins for Shopify, WooCommerce, Squarespace and Webflow. The WigWag subsidiary extends the platform to SMEs.
Differentiator
Problem solved
Functional benefit
Brands
- Stitch Express: Payment services product for small, medium and e-commerce businesses with a curated selection of Stitch's payment services.
- Stitch Enterprise
- Stitch PayOS
Products and services
- Stitch Online Payments Payment gateway built for enterprise scale that enables South African businesses to offer multiple online payment methods via flexible integration options including e-commerce plugins.
- Stitch In-Person Payments Plug-and-play in-person payments API and Terminal Management System enabling businesses to accept card-present and alternative payment methods at POS via terminal, QR code, NFC, and more; works with any existing device or acquiring bank.
- Stitch Payouts
Quantifiable outcome
- 99.995% platform uptime
- +6 more outcomes
Companies that use Stitch
Customer profileNamed customers20 records
Segments5 records
Ideal customer profiles3 records
Stitch technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration8 records
AI capability4 records
Feature7 records
Stitch partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core and flagship.
- FlySafaircoreFlySafair introduced Apple Pay and Google Pay payment options in its mobile app, powered by Stitch, enabling one-tap payment for flight bookings. Website rollout planned for later.
- Efficacy PaymentsflagshipAcquired by Stitch in July 2025 to enable end-to-end card acquiring services in South Africa without relying on banks or third-party processors. Efficacy Payments (registration 2016/008667/07) is designated by the South African Reserve Bank (SARB) to acquire debit and credit Card Transactions. Stitch operates Stitch + Efficacy Payments as a vertically integrated offering.
- ExiPayflagshipAcquired by Stitch in January 2025 to integrate online and offline payments into a unified platform. ExiPay is a provider of in-person payment solutions in South Africa. The acquisition enables Stitch to expand its product offerings and meet growing demand for integrated payment solutions in the retail sector, while controlling its technology stack.
- AB InBevcoreCollaborated with Stitch on the third annual Scale Summit event held in Johannesburg on October 3, focusing on consumer behavior and payments innovation.
- VodapayflagshipWhite-label partnership with Stitch providing secured tokenisation and payment infrastructure for Vodapay's mobile payments platform.
- ShopifycoreE-commerce plugin enabling merchants to accept Stitch payments directly on Shopify storefronts.
- WooCommercecoreE-commerce plugin enabling merchants to accept Stitch payments directly on WooCommerce storefronts.
- SquarespacecoreE-commerce plugin enabling merchants to accept Stitch payments directly on Squarespace storefronts.
- WebflowcoreE-commerce plugin enabling merchants to accept Stitch payments directly on Webflow storefronts.
Scale indicators11 records
Recent moves8 records
Expansion highlights6 records
Stitch competitors and assessment
Company assessmentMarket position
Strengths1 record
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Stitch social profiles
Digital presenceStitch compliance and trust
Trust signalCompliance2 records
Stitch financial estimates
Financial estimateRevenue estimate
Valuation estimate
Stitch leadership team
Management profileNumber of profiles
Profiles6 records
Stitch subsidiaries and ownership
Company hierarchySubsidiaries3 records
Stitch funding detail
Funding detailFunding overview
Funding rounds5 records
Investors27 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Stitch M&A and investment
M&A and investmentM&A2 records
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Stitch
What does Stitch do?
Stitch is a South African payments infrastructure company that provides a single platform unifying online and in-person payments, payouts, card acquiring, payment orchestration, and reconciliation for South African businesses. Its product suite includes a GraphQL-based payment API, plug-and-play e-commerce plugins, in-person POS devices, embedded fraud detection (Stitch Shield), BNPL, recurring payments (DebiCheck), and a unified reconciliation dashboard, offered through an Enterprise tier for large merchants and an Express tier for growing e-commerce and retail merchants.
Is Stitch a public or private company?
Stitch is a private company. It is classified as venture growth investor backed and is currently operating.
When was Stitch founded?
Stitch was founded in 2018. It employs 101 to 250 people.
Where is Stitch based?
Stitch is headquartered in Cape Town, South Africa, in the Africa region.
How does Stitch make money?
Five revenue lines are on record. Transaction Processing Fees are the primary driver. The others are card Acquiring Revenue (via Efficacy Payments), payouts & Disbursements Fees, enterprise Subscription & Platform Services and BNPL Transaction Revenue.
Does Stitch have an API?
Yes. Stitch offers a public-facing developer API and IDE for building and scaling payment products. The API uses GraphQL for faster and simpler queries, supporting products including Pay By Bank, Capitec Pay, Card, DebiCheck, Manual EFT, Cash, Pay with Crypto and Disbursements. Developers can explore queries and test integrations via the Stitch IDE before going to production. Stitch is a payment service provider operating as a registered Third Party Payment Provider (TPPP) and System Operator with PASA in South Africa. Developer documentation is at docs.stitch.money.
What industry is Stitch in?
Stitch's product category is Payment Infrastructure. Its primary akta.pro industry code is FSAMADAD, Integrated POS Payments (ISVs & Vertical POS Platforms).