Stakk Secures Two-Year Embedded Finance Deal With Robinhood Markets; Shares Hit 52-Week High

MT Newswires Live09-18 11:24

Stakk (ASX:SKK) secured a two-year agreement to provide its embedded finance technology to US-based Robinhood Markets, supporting the launch of Robinhood Banking, according to a Thursday Australian bourse filing.

The partnership will require the company to deliver advanced image capture, authentication, and transaction processing solutions, the filing said.

The company's revenue from the deal is uncertain and tied to Robinhood Banking's success, the filing added.

Stakk's shares surged past 283% in recent Thursday trade, earlier hitting a 52-week high.

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