Stitch, the operating system built for modern financial institutions, has raised $25 million in Series A funding led by Andreessen Horowitz, with participation from Arbor Ventures, COTU Ventures, Raed Ventures, and SVC, reflecting increasing investor interest in BANKTECH infrastructure in the Gulf region. The company offers a cloud-native operating system for financial institutions that supports lending, cards, payments, and ledgers, and has processed over $5 billion in transactions in the past six months. This deal indicates that banks in emerging fintech markets seek modern core infrastructure without fully replacing legacy systems.

A16z Backs Saudi Fintech Stitch in its First-Ever GCC Deal