How Stakk’s SoFi Deal Could Redefine Its Growth Trajectory
Stakk Limited has landed a pivotal 3-year contract with U.S. fintech giant SoFi, significantly boosting its annual recurring revenue projections beyond $8 million. This deal highlights Stakk’s growing footprint in embedded finance across major international brands.
- 3-year Master Services Agreement signed with SoFi Technologies
- Contract adds approximately $4.7 million in annualised recurring revenue
- Stakk IQ™ to power deposit functionality for over 12.6 million SoFi members
- ARR projections now expected to significantly exceed $8 million by end of 2025
- Part of a growing portfolio including Robinhood, T-Mobile, and H&R Block
A Landmark Contract with a U.S. Fintech Leader
Stakk Limited, an Australian embedded finance technology provider, has announced a significant new partnership with SoFi Technologies, a major U.S. fintech player with a market capitalization of US$33 billion. The three-year Master Services Agreement will see Stakk’s modular Embedded Finance platform, Stakk IQ™, integrated into SoFi’s app to power deposit-related functionalities for its 12.6 million members.
This agreement marks a major milestone for Stakk, positioning the company to substantially exceed its previously forecasted $8 million in annual recurring revenue (ARR) by the end of 2025. The contract alone is expected to contribute an additional $4.7 million in ARR, underscoring the rapid growth trajectory Stakk has been experiencing this year.
Embedded Finance, The Backbone of Digital Banking
Stakk’s technology offers essential yet often overlooked infrastructure, such as mobile document capture, image authentication, and transaction orchestration, that enables financial institutions to deliver seamless digital experiences. SoFi’s selection of Stakk after a rigorous evaluation highlights the trust placed in Stakk’s platform to support critical banking operations within a highly competitive U.S. market.
SoFi itself is a powerhouse in the fintech space, known for its integrated financial services ranging from loans to investment products, and its high-profile partnerships including the NBA and the SoFi Stadium in Los Angeles. By embedding Stakk’s technology, SoFi aims to enhance its deposit services, further solidifying its digital ecosystem.
Momentum Builds with Major International Clients
This deal complements other recent contract wins with notable brands such as Robinhood, T-Mobile, and H&R Block, reflecting Stakk’s expanding influence across multiple sectors and geographies. The company’s Chairman, Nikhil Ghanekar, emphasized the importance of these wins in building a diversified and robust revenue stream, which is critical for sustaining long-term growth.
Stakk’s ARR growth this calendar year has been described as “phenomenal,” driven by a broad customer base that ranges from small financial institutions to multinational telecommunications companies. The company anticipates further contract announcements before year-end, signaling continued momentum.
Looking Ahead
Revenue from the SoFi contract is expected to commence in December 2025, with a rapid acceleration anticipated in the third quarter of the 2025/26 financial year. The agreement includes a monthly platform fee plus usage-based transaction fees, providing Stakk with a scalable revenue model tied directly to user engagement.
While the initial term is three years, the contract may be extended annually by mutual consent, offering potential for sustained partnership and revenue growth. Investors will be watching closely to see how Stakk leverages this marquee client relationship to fuel further expansion.
Bottom Line?
Stakk’s SoFi partnership not only boosts revenue forecasts but also cements its role as a key embedded finance enabler in the U.S. market.
Questions in the middle?
- How quickly will SoFi’s user engagement translate into transaction fees for Stakk?
- What other major contracts might Stakk announce before year-end to sustain momentum?
- How will Stakk manage scaling its platform to meet growing demand from large clients?
