The company describes the financial graph as an infrastructure for financial building blocks that allow businesses to write code once, launch in multiple markets and scale faster based on interoperability across regions, providers, banks, and other types of financial accounts.
“We sort of view the broader financial ecosystem as a bunch of different nodes–bank accounts, merchants such as fintechs or end-users–which are all intrinsically connected,” Stitch CEO Kiaan Pillay said to TechCrunch in an interview. “Often, we think about the fact that these connections between geographies and institutions don’t exist yet. And a lot of what we try to do is to bridge those connections and to make those connections ubiquitous.”
Stitch views this graph in three stages. The first is what it launched from stealth: the pure infrastructural play of connecting financial and bank accounts with an API. The second seeks to acquire merchants and businesses to build use cases and applications on top of that infrastructure. And the last is getting end consumers to link their accounts via these businesses.