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Stakk Limited (ASX:SKK)

ALERT: Price-sensitive ASX Announcement for SKK
Current share price for SKK : $0.022 -0.036 (-62.07%)+
Announcement
Release
29 Oct 2025 9:36AM
Price at Release
$0.058
Full Release
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Summary
Stakk Limited has entered into a revolving-term Master Services Agreement with Chime Financial, Inc., a prominent U.S. fintech company. Under this agreement, Stakk will provide Chime with its Stakk IQ™ Embedded Finance solution, which includes features such as mobile image capture, image authentication, optical character recognition, and document/data orchestration. This collaboration is expected to enhance Chime's deposit acceptance methods. The agreement allows for renewal every 12 months, with revenue consisting of a monthly platform fee and usage-based transaction fees starting in November 2025. Stakk's solutions will be integrated into the Chime Banking App, used by over 22 million customers. This partnership underscores Stakk's role as a critical infrastructure provider in the embedded finance sector, serving numerous fintech clients globally.
Key Points
  • Stakk secures Master Services Agreement with Chime Financial.
  • Stakk to provide embedded finance solutions including mobile image capture and OCR.
  • Agreement includes renewable terms and usage-based transaction fees.
  • Revenue to begin flowing from November 2025.
  • Chime Financial operates as a digital banking platform with over 22 million users.
  • Stakk's solution will enhance Chime's deposit acceptance methods.
  • Stakk viewed as a critical infrastructure provider in embedded finance.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.