Saudi FinTech Stitch Raises $25 Million to Replace Fragmented Bank Cores

Saudi Arabia-based Stitch raised $25 million in a Series A funding round to grow its operating system for modern financial institutions. The company will use the new funding to accelerate product development, deepen its presence across the Gulf Cooperation Council (GCC) and broader Middle East and North Africa (MENA) region, and expand its global go-to-market operations, it said in a Thursday (May 14) press release . Stitch was founded in 2022 and announced a $10 million seed round in May 2025.