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Douugh Ltd ( (AU:SKK) ) has shared an update.
Stakk Ltd has secured a significant 3-year contract with U.S. fintech giant SoFi Technologies, Inc., marking a major milestone in its growth trajectory. This agreement is expected to boost Stakk’s annual recurring revenue (ARR) beyond its previous projection of $8.0 million by the end of 2025, with additional ARR of approximately $4.7 million. The partnership will see Stakk’s technology powering deposit functionalities for SoFi’s 12.6 million members, further enhancing Stakk’s credentials and momentum in the industry. The agreement, which may be extended beyond the initial term, is anticipated to accelerate revenue growth starting December 2025, with significant impacts expected in the third quarter of the 2025/26 financial year.
More about Douugh Ltd
Stakk Ltd is a company that provides modular embedded finance solutions, known as Stakk IQ™, which include mobile image capture, image authentication, OCR, and document/data orchestration capabilities. The company focuses on delivering essential technology solutions to a diverse range of industry verticals, including small financial institutions, global brands, and multinational telecommunications companies.
Average Trading Volume: 82,674,536
Current Market Cap: A$106.1M
See more insights into SKK stock on TipRanks’ Stock Analysis page.