Stitch Africa Secures $50M Financing for Global Expansion in Fashion Retail

Stitch Africa, an African fashion retail platform, has secured $50 million in financing to support its global expansion. The funding, led by JF Advisory Group and Cedrus Trustees Limited, will enable Stitch Africa to scale its platform across key global corridors and provide tailored fashion products for entrepreneurs within its ecosystem.

Co-founder Franklin Peter highlighted the company's focus on the African diaspora market, leveraging AI technology to connect African creatives globally. Ntishorkara Monkom, the head of legal at Stitch Africa, emphasized building a future African fashion commercial value chain.