Stitch Blog

Stitch x Flexclub

How Stitch Financial Data powers FlexClub’s smart vehicle recommendation engine

Problem: When vehicle subscription platform FlexClub began offering private subscriptions to individual customers, they needed a fast and secure way to assess potential customers’ affordability and recommend vehicles that fell within their budgets. Stitch solution: With Stitch Financial Data, customers can easily link their bank accounts rather than uploading manual statements, enabling the FlexClub team …

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5 questions for Stitch Head of Product Partnerships Neha Kumar

Describe your job to a 10-year-old. I build relationships with banks we would like to work with so we can build better products for our clients. The products Stitch builds help other companies create products that help people use money in different ways – to save so they can have more in the future, to …

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What is VRP and why does it matter in South Africa and Nigeria?

As open banking innovation continues to gain traction globally, variable recurring payments (VRP) is often seen as the key to its future success. With our latest product, LinkPay, we’re able to tokenise user financial accounts, similar to card tokenisation, enabling things like one-click payments and headless payments in which the user does not need to …

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5 questions for Stitch Head of Business Development Grant James

Describe your job to a 10-year-old. I help business owners, inventors and operators discover tools that can make their businesses grow faster. Also, when people pay for things on apps or websites, my team and I help make this process easier for them. Why is infrastructure like Stitch so important for the continent? What does …

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Introducing Stitch LinkPay: link an account for one-click pay-ins and payouts

We’re excited to officially launch our core payments product, Stitch LinkPay. This is the first payments solution that tokenises financial accounts and enables variable recurring payments. Now, your customers can link their preferred financial accounts via Stitch and enjoy a payments experience as convenient as card, but without high fees or fraud. Once an account …

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The Benefits of Instant Bank Transfers in SA

What are the benefits of instant bank transfers in South Africa?

More than 40% of consumers in South Africa indicated a simpler checkout experience would play a role in encouraging them to complete an e-commerce purchase. With more choices than ever, consumers today value convenience, speed and security – especially when it comes to the way they choose to pay. New payment methods, such as Instant …

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Akiba digital stitch financial data business onboarding

Akiba Digital chooses Stitch for fraud-free access to financial data

Problem: The Akiba Digital team was using an international data provider to onboard and verify businesses on their platform, and to access their transaction and balance history. However, when customers logged into their accounts via the provider’s platform, their local banks often flagged it as potential fraud, impacting customer trust and churn rates. Stitch solution: …

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First Stitch Startup Showcase concludes in Cape Town

Last month, Stitch and The Raba Partnership team invited investors from across the globe, and founders from across the continent, to South Africa for our first global fintech meetup – launching inspiring conversations and connections that we hope will fuel even more innovation in Africa’s fintech space. At Stitch, we know firsthand how difficult it …

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