{
Momentus Inc.

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}
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001122334455554433221100

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.
Lucidity Insights
United States Dollar Crest Ventures Limited Momentus Inc. PayPal Holdings, Inc. Stitch Fix, Inc. MultiChoice Group Ltd Standard Bank AMC007 ZAF Natalie Cuthbert Priyen Pillay Kiaan Pillay Show more
Business & Industry, Market Report
04:12 11.04.2025

momentus faces imminent nasdaq delisting amid financial struggles and low stock price

Momentus is at risk of being delisted from Nasdaq due to its low share price, closing at $0.44, and failure to meet stockholder equity requirements. The company plans to appeal the decision and may implement a reverse stock split to regain compliance. Financial struggles have led to mission delays and layoffs, while recent contracts with DARPA and NASA offer some hope for future growth.
SpaceNews
United States Dollar Momentus Inc. SpaceX Elon Musk John Rood
Finance & Economy, Market Report
12:19 01.10.2024
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