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Douugh Ltd ( (AU:SKK) ) has provided an update.
Stakk Ltd has secured a revolving-term Master Services Agreement with Chime Financial, Inc., a leading U.S. fintech company, to provide its Stakk IQ embedded finance solution. This partnership will allow Chime to leverage Stakk’s capabilities for deposit acceptance methods, marking a significant addition to Stakk’s roster of tier-one fintech clients. The agreement is expected to generate immediate revenue for Stakk, contributing to an annualized ARR of $8.0 million by the end of the year. This collaboration underscores Stakk’s role as a critical infrastructure provider in the embedded finance industry, enhancing its market positioning and offering potential growth opportunities.
More about Douugh Ltd
Stakk Ltd is a company that provides embedded finance solutions, specifically focusing on mobile image capture, authentication, optical character recognition, and document/data orchestration capabilities. Their solutions are used by leading fintech companies to enhance deposit acceptance methods and streamline document-based transactions.
Average Trading Volume: 87,479,090
Current Market Cap: A$160.3M
Learn more about SKK stock on TipRanks’ Stock Analysis page.