Why We Invested · Andreessen Horowitz
Investment thesis
Stitch represents the next generation of global fintech infrastructure built natively in a high-growth market to enable AI adoption.
we believe Stitch represents the clearest expression we’ve found of what the next generation of this infrastructure looks like. It is built natively in a market with massive tailwinds, led by a founder who understands both the technology and the regulatory landscape
Why the firm invested
a16z led Stitch's Series A round, marking its first investment in Saudi Arabia.
We are thrilled to lead Stitch’s Series A — and honored to make this our first investment in Saudi Arabia.
Product
Stitch offers an API-first operating system for financial institutions to launch and operate financial products across a modular stack.
Its API-first platform enables banks, fintechs, and non-financial institutions to launch, scale, and operate financial products across a modular stack, including a general ledger and core database, product-specific software for cards, loans, and bank accounts, and a customizable workflow builder
Traction
More than $5 billion has been transacted on the Stitch platform over the last six months.
In the last six months alone, more than $5 billion has been transacted on the Stitch platform.
In 2025, Stitch grew its customer base 10x and revenue 20x, expanding into Africa and Southeast Asia.
Customer numbers grew 10x in 2025, revenue grew 20x, and Stitch has seen pull beyond the GCC into Africa and Southeast Asia.
Regional customers including Lulu Exchange and Raya Financing launched products up to 80% faster using Stitch.
Marquee regional customers like Lulu Exchange and Raya Financing have already launched products up to 80% faster, thanks to Stitch’s flexible infrastructure.
Team
Stitch's founder Mohamed has deep market relationships and sales instinct, supported by operators from FIS and Barclays.
Mohamed, Stitch’s founder, has the rare combination of relationships, sales instinct, and grit to win in a market where trust and distribution matter as much as product. And he’s hired a team of world-class operators from the likes of FIS and Barclays
What founders can learn
- What actually moved the decision: Andreessen Horowitz wrote that a16z led Stitch's Series A round, marking its first investment in Saudi Arabia.
- The traction evidence that carried weight: Andreessen Horowitz wrote that More than $5 billion has been transacted on the Stitch platform over the last six months.
- How the team was judged: Andreessen Horowitz wrote that Stitch's founder Mohamed has deep market relationships and sales instinct, supported by operators from FIS and Barclays.
Source and provenance
Why We Invested published by Andreessen Horowitz on a16z.com (first-party source). Read the original
