South African fintech company Stitch has secured $55 million in a Series B funding round led by QED Investors. The round also included participation from Flourish Ventures, Glynn Capital, Norrsken22, and existing investors such as Ribbit Capital and PayPal Ventures. Notably, comedian and entrepreneur Trevor Noah joined as an angel investor.

Stitch plans to use the funds to enhance its in-person payments offering, introduce card acquiring capabilities, and strengthen its online payments suite to better serve enterprise clients across Africa.

With this funding, Stitch is well-positioned to continue its mission of transforming the payments landscape in Africa and beyond.