
Stakk demonstrates rapid revenue growth in Q3, with revenue of $472k, up 2,533% QoQ. On track for $1.9m in ARR.
ASX-listed Stakk Ltd have provided an update to its shareholders following the release of its quarterly results.
Stakk has established itself as a rapidly growing software company offering Embedded Finance to the broader financial services industry here in Australia, and in the U.S.
The company delivered quarterly revenue of $472,000, representing an annualised run rate of $1.9 million.
As shareholders are aware, Stakk concluded the acquisition of U.S. based Radical DBX, Inc. (“R-DBX”) on 28 December 2024. As previously advised, the R-DBX business has been successfully integrated with Stakk’s operations and now allows Stakk to aggressively expand its Embedded Finance offering into the U.S. market.
Information on the Embedded Finance market
The Embedded Finance market is experiencing significant growth in both the United States and Australia.
The current size of the U.S. Embedded Finance market in February 2025 is approximately USD 25.94 billion with a compound annual growth rate (CAGR) of 32%. Projected Size by 2030 lies between USD 103.86 billion (conservative) and USD 300 billion (aggressive), with USD 103.86 billion being the most consistently cited revenue figure from detailed forecasting. It is estimated that the current size of the Australian market is 7% of that of the U.S (Grand View Research).
Stakk plans to take a percentage of this market by distributing its Embedded Finance offering through existing (and new) channel partners in the U.S and Australia.
Andy Taylor, Chief Executive Officer of Stakk, said, “We are pleased to update shareholders on our traction, following the closure of the R-DBX acquisition and continuing roll out of our Embedded Finance offering in Q3. With pedigree clients like Navy Federal Credit Union, the largest credit union in the U.S. today, to smaller banks like Whitaker Bank, we have solutions for all sizes. But with Neobank clients like Aspiration, Lili Banking, and Albert, we’re delighted to see our solutions used by the brightest and most innovative players in the industry too.
“As we focus on the continued growth of our ARR (Annual Recuring revenue) from new client wins, we intend to expand our capabilities to meet the emerging technological needs in the commercial lending section. In essence, this is a sub-set of Embedded Finance, known as ‘Embedded Lending’. These capabilities will be delivered to lenders, brands, and Fintechs.
“Feeling buoyed by the obvious inflection point Stakk finds itself at, we look forward to updating the market on further milestones as they are achieved, including anticipated client wins, and renewals.”