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Fintech Stitch announces second annual Scale Summit

By , ITWeb
South Africa , 03 Jul 2023
The Stitch team.
The Stitch team.

Fintech firm Stitch will host its second Scale Summit in September in Cape Town, South Africa.

The company announced the event details, saying the free-to-attend Summit will be in partnership with pan-African mobile gateway company MFS Africa, with support from Mastercard.

The Summit will bring together experts and decision-makers from across South African enterprises for a full-day of panels and discussions.

In a statement, Stitch says for South African enterprises and international businesses alike, the ability to efficiently and effectively collect and move money plays an increasingly critical and strategic role in their ability to attract and retain customers, and remain competitive.

To this end, the company says continued changes in the payments landscape – from the launch of PayShap to new pay by bank methods like Capitec Pay to rising cases of fintech fraud – require payments leaders to be increasingly agile and responsive to remain at the forefront.

Thea Sokolowski, head of marketing and communications at Stitch, comments: “We saw great outcomes from our inaugural Scale Summit last year, and we’re excited to convene experts in payments and digital commerce from South African and international enterprises once more to discuss this year’s emerging trends. These conversations and exchanges are particularly vital today given the rapid pace of payments evolution in the South African market.”

Stitch says attendees can now express interest in joining the event on 28th September via the Scale Summit website.

Stitch is a fintech firm with solutions for enterprise businesses with complex payment needs.

The firm raised $21 million in Series A funding in February 2022.

Its backers include PayPal Ventures, TrueLayer, Firstminute Capital, The Raba Partnership, CRE Venture Capital, Village Global, Zinal Growth (the investment vehicle of founder Guillaume Pousaz) and angels including founders and early builders from Chipper Cash, Monzo, Venmo, GoCardless, Plaid, Unit and more.

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