Stitch Secures R1-Billion in Series-B Funding: CEO Kiaan Pillay Shares Insights
Cape Town, South Africa – Fintech startup Stitch has made headlines after raising an impressive R1-billion (US$55-million) in its Series-B funding round. The round was led by QED Investors, with participation from both new and existing investors, including South African comedian Trevor Noah.
Stitch’s Funding Milestone
This latest investment brings Stitch’s total funding to nearly R2-billion ($107-million), marking a significant milestone for the fast-growing fintech company. In a recent episode of the TechCentral Show, Stitch co-founder and CEO Kiaan Pillay sat down with TechCentral editor Duncan McLeod to discuss the company’s journey and future plans.
Watch the Full Interview
Key Discussion Points
During the interview, Pillay covered several critical topics, including:
- Founding Story: His background and the inspiration behind launching Stitch.
- Investor Involvement: How Trevor Noah became part of the funding round.
- Unique Approach: What sets Stitch apart from other fintech startups in the payments space.
- Strategic Acquisition: The importance of Stitch’s recent purchase of Exipay for expanding into in-person payments.
- Crypto Ambitions: Stitch’s plans for entering the cryptocurrency sector.
- Market Focus: Why the company is prioritizing South Africa for now.
Listen to the Podcast
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