An investment firm backing Sabi, focused on supporting innovative startups in Africa.
Rally Cap Completes Partial Exit from South African Fintech Stitch
Rally Cap partially exited its investment in Stitch after the company secured a $55 million Series B funding round. Stitch experienced significant growth, raising $55 million in April 2025, led by QED Investors and other prominent investors.
Rally Cap partially exits its investment in South African fintech Stitch
Rally Cap partially exited its investment in Stitch after the company raised $55 million in a Series B round. Rally Cap was founded in 2020 and raised its first fund of $30 million in 2022.
Early-Stage Fintech Funding Trends in Africa
The number of fintech companies in Africa more than doubled between 2020 and 2024. Fintech sector revenue is projected to reach $230 billion by 2025.
Stitch Secures $50M in Series B Funding to Expand Payment Solutions Across Africa
Stitch raised $55 million in funding, bringing total funding to $107 million. Investors include Glynn Capital, Flourish Ventures, and Norrsken22.
“Success speaks louder than stereotypes”–Norrsken22’s Lexi Novitske and Precious John-Adeyemi on bridging funding gap for female founders
In 2024, female CEOs raised just $48 million, the lowest figure since 2019. Male CEOs raised $2.2 billion in the same year.
