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stitch secures 55 million to enhance payments infrastructure in africa
Stitch, a South African fintech specializing in open banking and payment infrastructure, has raised $55 million in funding, bringing its total to $101 million. The investment, led by Raba Partners, follows Stitch's acquisition of Exipay, enabling the company to offer end-to-end payment solutions for both digital and physical transactions. As competition intensifies in Africa's fintech sector, Stitch aims to enhance its technology and expand its market presence while navigating regulatory challenges.
capri global acquires stake in crest ventures amid market fluctuations
Capri Global Holdings has acquired a 0.53% stake in Crest Ventures, purchasing 1.5 lakh shares at an average price of Rs 470 each. Crest Ventures shares closed at Rs 472, down 0.41% on the NSE. Meanwhile, Ambit Investment Advisors bought 3.8 lakh shares of Foods & Inns at Rs 131.44 per share, and Mavira Growth Opportunity Fund acquired a 1.04% stake in Krishca Strapping Solutions for Rs 355.39 per share, with the latter's shares recently delivering a 203% return over the past month.
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