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Stitch raises US$25M Series A extension led by Ribbit Capital, increasing the round’s total to US$46M

South African fintech Stitch, which has built an “end-to-end payments solution designed to meet the complex and evolving payments needs for its enterprise clients,” has raised US$25 million in an extension round of funding led by global fintech investor Ribbit Capital, bringing Stitch’s total Series A to US$46 million.

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African VC firm Enza Capital launches founder partner program as it closes US$58M across funds

October 5, 2023

Enza Capital, a venture capital firm that backs startups “organizing the offline online” and “digitizing key African industries,” has closed US$58 million across two funds. In 2019, the company launched an early-stage fund to “find, back, and help build category-defining startups” in the pre-seed and seed stages. The fund is still active and has invested in fintech, logistics, health, human capital and climate tech companies.

CDPI Emerging Markets