Stakk’s SaaS Revenue Soars 312% as U.S. Client Base Grows 730%
Stakk Limited has reported explosive growth in its SaaS revenue and client base in 2025, positioning itself as a leading embedded finance infrastructure provider. The company’s ARR surged over 300%, driven by major US fintech partnerships and a strategic pivot to a modular SaaS model.
- Active U.S. clients surged 730% to 212
- Annual recurring revenue (ARR) jumped 312.5% to $4.5 million
- Monthly transactions increased 41% to 144,126
- Secured major clients including Robinhood and T-Mobile USA
- Completed $15 million institutional placement to fuel growth
Record Growth in Embedded Finance SaaS
Stakk Limited (ASX – SKK) has unveiled a remarkable transformation in its business, reporting record growth across key SaaS metrics for calendar year 2025. The company’s active U.S. client base skyrocketed by 730%, reaching 212 clients, while annual recurring revenue (ARR) more than tripled to $4.5 million. This rapid expansion underscores Stakk’s successful pivot from a consumer-focused model to a modular, API-first SaaS platform tailored for embedded finance infrastructure.
Monthly transaction volumes climbed 41% to over 144,000, with processed transaction value rising 30% to $413 million. These figures exclude contributions from recently announced marquee clients such as Robinhood and T-Mobile USA, signaling further upside potential as these partnerships mature.
Strategic Pivot to ‘Boring but Brilliant’ Infrastructure
Stakk’s transition away from legacy consumer activities has been pivotal. By focusing on the “critical but boring” backend financial infrastructure; covering document capture, risk assessment, authentication, transaction orchestration, and settlement; the company has carved out a defensible niche. Its Stakk IQ™ platform offers six integrated modules that provide fintechs and enterprises with compliant, scalable, and secure financial plumbing.
This shift has driven a gross margin of approximately 78%, supported by multi-year contracts that deliver predictable revenue streams. The company’s capital-efficient cost structure and recent $15 million institutional placement further strengthen its balance sheet, positioning Stakk for accelerated growth.
Global Client Wins Validate Market Fit
Stakk’s client roster now includes globally recognised fintech and enterprise brands such as Robinhood, T-Mobile, H&R Block, Current, and Navy Federal. These partnerships not only validate the product-market fit of Stakk IQ™ but also highlight the company’s reputation as a trusted infrastructure provider behind some of the world’s leading financial platforms.
Chairman Nikhil Ghanekar emphasised that the company’s ARR is on track to exceed A$8 million by the end of 2025, driven by both expansion within existing clients and new module deployments. With the embedded finance market projected to reach US$100 billion globally by 2030, Stakk is strategically positioned to capture significant share in both the Australian and U.S. markets.
Looking Ahead – Sustaining Momentum
Stakk’s robust pipeline of tier-one and mid-market clients across banking, fintech, and enterprise sectors suggests that the company’s growth trajectory is sustainable. Its governance-first approach and execution-driven leadership team are delivering consistent contract wins and margin expansion, setting the stage for Stakk to emerge as one of Australia’s most compelling high-growth SaaS stories in 2026.
Bottom Line?
Stakk’s rapid SaaS growth and global client traction set the stage for a pivotal 2026 in embedded finance infrastructure.
Questions in the middle?
- How will Stakk sustain its high gross margins amid rapid scaling?
- What impact will new client modules have on revenue diversification?
- Can Stakk maintain its competitive edge as embedded finance attracts more entrants?