Stakk wins MrBeast-backed Step deal with revenue live immediately

Step deal brings immediate revenue and a high-profile customer

Stakk Limited (ASX:SKK) has secured a minimum two-year agreement with Step Financial, bringing its AI-powered document processing and fraud-mitigation technology into a US fintech platform with more than seven million users.

The services went live when the agreement was signed, meaning revenue has started immediately. Stakk will receive recurring platform fees alongside usage-based charges tied to processing volumes, with automatic 12-month renewals after the initial two-year term.

The contract value has not been disclosed and cannot currently be quantified. Stakk said the size of Step’s user base means the agreement is expected to contribute meaningfully to its FY2027 revenue target, although the eventual contribution will depend on usage.

AI technology supports US mobile cheque deposits

Step selected Stakk after reviewing the group’s capabilities against its technology and operational requirements. The engagement is configured for Step’s US mobile Remote Deposit Capture offering, where Stakk will process, validate and help assess documents submitted as part of cheque deposits.

Stakk said the technology is intended to automate information extraction and validation, support accurate deposit decisions and reduce fraud risk. That places the company inside Step’s customer-facing financial workflow, rather than simply supplying a back-office analytics tool.

Commercial momentum now spans enterprise and consumer fintech

The announcement arrives a day after Stakk’s IBM Australia-New Zealand agreement, which also began contributing revenue immediately. Stakk said the Step win adds a new customer in its core US market and demonstrates that its technology can be configured for both global enterprises and newer financial platforms.

Step was acquired by Beast Industries in February 2026 as the MrBeast-founded group expanded into financial services. The platform combines money-management and credit-building tools with financial education, while Beast Industries brings the reach of Jimmy Donaldson’s large online audience and its wider consumer and entertainment operations.

For Stakk, the commercial attraction is clearer than the celebrity association: the agreement offers another recurring-revenue stream, but the absence of a committed contract value leaves processing volumes as the key variable. The next evidence will come from disclosed revenue performance and any indication of how heavily Step’s user base adopts mobile deposits.