Stakk Lands $8M ARR Deal with U.S. Neobank Chime
Stakk Limited has landed a significant contract with leading U.S. neobank Chime, integrating its embedded finance technology to support millions of users and targeting $8 million in annual recurring revenue by year-end.
- Revolving-term Master Services Agreement with Chime Financial
- Integration of Stakk IQ™ for deposit acceptance via mobile image capture and OCR
- Access to Chime’s 22 million U.S. customers through its banking app
- Revenue to commence November 2025, aiming for $8 million ARR
- Adds to Stakk’s portfolio of tier-one fintech clients including Robinhood and T-Mobile
Stakk’s Breakthrough with Chime
Stakk Limited (ASX – SKK) has announced a pivotal Master Services Agreement with Chime Financial, Inc., a major U.S. neobank boasting over 22 million customers and a market capitalization of approximately US$7 billion. This deal marks a significant milestone for Stakk, positioning its embedded finance platform, Stakk IQ™, as a critical component in Chime’s deposit acceptance infrastructure.
Under the agreement, Stakk will provide Chime with advanced mobile image capture, authentication, optical character recognition (OCR), and document orchestration capabilities. These technologies will streamline how Chime processes deposit transactions, enhancing user experience and operational efficiency within the app.
Strategic Revenue and Market Validation
The contract is structured as a revolving-term agreement with annual renewal options, generating revenue through a monthly platform fee plus usage-based transaction fees. Stakk expects the first revenue to hit its profit and loss statement in November 2025, with an ambitious target of reaching an annualised recurring revenue (ARR) of $8 million by the end of the calendar year.
This agreement not only secures a steady revenue stream but also validates Stakk IQ™ as mission-critical infrastructure for embedded finance. The deal complements Stakk’s existing client roster, which includes globally recognised fintech and technology brands such as Robinhood, T-Mobile, H&R Block, and others, underscoring the company’s growing footprint in the U.S. market.
Implications for Embedded Finance and Fintech Ecosystem
Chime’s selection of Stakk’s technology reflects a broader trend where fintech leaders seek specialized, modular solutions to enhance their platforms without building complex systems in-house. Stakk’s focus on “boring but essential” capabilities; such as document capture and fraud resilience; addresses a critical but often overlooked layer of fintech infrastructure.
Andy Taylor, Executive Director of Stakk, highlighted the significance of this partnership, noting that being chosen by one of the most innovative fintech companies is both an honour and a responsibility. The deal signals confidence in Stakk’s technology and opens the door for further expansion within the embedded finance sector.
Looking ahead, Stakk’s ability to nurture this relationship and replicate similar agreements could accelerate its growth trajectory, especially as embedded finance continues to gain traction globally.
Bottom Line?
Stakk’s deal with Chime cements its role in embedded finance, setting the stage for accelerated growth and deeper fintech integration.
Questions in the middle?
- How will Stakk scale its infrastructure to support Chime’s rapidly growing user base?
- What additional services or modules might Stakk offer Chime or other fintech clients next?
- How will competitors respond to Stakk’s expanding footprint in the embedded finance market?
