Stakk
Stakk (ASX:SKK) is an Australian-listed embedded finance platform providing modular Banking-as-a-Service infrastructure via API and SDK to startups, banks, and enterprise clients in the US and Australia. Its Stakk IQ stack covers KYC, credit and fraud scoring, transaction authentication, payments routing, and settlement.
- Company typePublic
- Founded2016
- HeadquartersSydney, Australia
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Stakk does
Stakk (ASX:SKK), formerly Douugh Limited, is an Australian-listed embedded finance infrastructure provider headquartered in Sydney. The company sells the Stakk IQ platform — a modular Banking-as-a-Service stack comprising six proprietary modules: Capture IQ (document capture, OCR, hologram, liveness, tamper detection), Risk IQ (credit and fraud scoring with a social-data overlay), Auth IQ (real-time transaction authentication), Flow IQ (payment initiation and routing across ABA, NPP, and batch), Settle IQ (reconciliation and ledger sync), and Score IQ (automated credit and cashflow decisioning). The platform is delivered via API and SDK to clients that white-label and embed the modules into their own customer-facing banking and credit workflows.
Stakk serves three primary customer segments: startups seeking to embed financial services without building compliance infrastructure in-house, traditional banks modernising their digital offering, and enterprise clients requiring scalable embedded finance infrastructure. Named enterprise customers include Panacea Financial Holdings (Peter Thiel-backed neobank for medical professionals), SoFi Technologies (three-year embedded finance contract), and T-Mobile (expanded collaboration for banking and credit services via API/SDK), all US-headquartered and signed in late 2025.
The business model combines recurring platform fees under multi-year Master Services Agreements with per-transaction fees (commencing January 2026 for the Panacea deal). Distribution is API-first and white-label, with direct enterprise sales as the primary go-to-market motion. The company employs 11–50 staff, holds approximately AU$15 million in cash, and reported an AU$2.4 million annual cash burn against a target of AU$8 million ARR by end of Q2. The corporate rebrand from Douugh to Stakk reflects a pivot from a consumer smart-bank account proposition to a B2B embedded-finance infrastructure business.
Stakk firmographics
Firmographics- Name
- Stakk
- Legal name
- Stakk Limited
- Website
- https://stakk.tech
- Company type
- Public
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Stakk (ASX:SKK) is an Australian-listed embedded finance platform providing modular Banking-as-a-Service infrastructure via API and SDK to startups, banks, and enterprise clients in the US and Australia. Its Stakk IQ stack covers KYC, credit and fraud scoring, transaction authentication, payments routing, and settlement.
- Ownership category
- akta.pro rank
Stakk industry classification
Industry- Product category
- Embedded Finance Infrastructure (Banking-as-a-Service)
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB)
- akta.pro secondary industries
- Developer Tooling & SDKs for Payments (Gateway Tooling) (FSAMACAL), Payouts, Disbursements & Mass Payments Infrastructure (FSAGABAN)
Keywords
Where Stakk is headquartered
LocationHeadquarters
- HQ city
- Sydney
- HQ country
- Australia
- HQ region
- Oceania
Markets served
Stakk business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Platform Fees: Recurring platform fees charged to clients for access to Stakk IQ Embedded Finance solution under multi-year Master Services Agreements.
- Transaction Fees: Fees generated per transaction processed through the embedded finance platform, starting from January 2026 for the Panacea Financial partnership.
Go-to-market motion2 records
Distribution channels2 records
Marketing channels2 records
Stakk product offering
Product offeringCore offering
Stakk sells Stakk IQ™, a modular embedded finance infrastructure platform delivered via APIs and SDKs that enables banks, startups, and enterprise clients to embed banking, credit, KYC, fraud detection, payment routing, settlement, and credit decisioning capabilities directly into their own products. Revenue is generated through recurring platform fees under multi-year Master Services Agreements and per-transaction fees for processed activity.
Product overview
Stakk is an embedded finance platform offering a modular architecture under the Stakk IQ™ brand. The platform consists of seven distinct modules: Capture IQ™ (document verification), Risk IQ™ (fraud and credit scoring), Auth IQ™ (transaction authentication), Flow IQ™ (payment routing), Settle IQ™ (reconciliation), and Score IQ™ (credit decisioning). These modules work together to provide essential fintech infrastructure enabling startups, banks, and enterprise clients to build, launch, and scale banking services.
Differentiator
Problem solved
Functional benefit
Brands
- Stakk IQ™: A modular fintech infrastructure offering for startups, banks and enterprise clients to build, launch and scale banking services. Includes modules: Capture IQ, Risk IQ, Auth IQ, Flow IQ, Settle IQ, and Score IQ.
Products and services
- Stakk IQ™
- Capture IQ™
- Risk IQ™
- Auth IQ™
- Flow IQ™
- Settle IQ™
- Score IQ™
Companies that use Stakk
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
Stakk technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability5 records
Feature6 records
Stakk partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Panacea Financial Holdings, Inc.coreMulti-year Master Services Agreement to deliver Stakk IQ Embedded Finance solution starting December 2025. Delivers banking and document processing capabilities with revenue generation through platform fee and transaction fees starting January 2026. Panacea Financial is a Peter Thiel-backed neobank specializing in banking and lending services for medical professionals, operating as a division of Primis Bank.
- SoFi Technologies InccoreThree-year contract secured for embedded finance services. Nature and specific details of the integration not disclosed in available sources.
Scale indicators6 records
Recent moves6 records
Expansion highlights5 records
Stakk competitors and assessment
Company assessmentDirect peers
- Treasury Prime: Treasury Prime provides bank-account, payment, and compliance APIs that let banks and fintechs embed banking services — directly comparable to Stakk's enterprise-focused embedded finance platform. Both sell into banks and fintechs with similar API-first delivery.
- Unit: Unit is a banking-as-a-service platform offering APIs for accounts, cards, lending, and compliance — a near-direct competitor to Stakk IQ's embedded finance modules, particularly for the bank and startup customer segments Stakk explicitly targets.
- Synctera: Synctera is a BaaS platform pairing sponsor banks with fintechs through account, card, and compliance APIs. Its target customer base of community banks and fintechs mirrors Stakk's 'Banks' and 'Startups' segments almost exactly.
- Finix: Finix provides payments infrastructure and white-label acquiring/processing APIs that compete with Stakk's payment routing and orchestration modules (Flow IQ). Both pursue enterprise software platforms and fintechs seeking embedded payment monetization.
Broad incumbents
- Stripe: Stripe offers a broad suite of payments and embedded financial infrastructure (Stripe Connect, Issuing, Treasury) that overlaps directly with Stakk IQ's Flow IQ (routing/orchestration), Settle IQ (reconciliation), and embedded-finance positioning. Stripe is far larger and broader in scope but represents the most important competitive reference for Stakk's enterprise customers.
- Plaid: Plaid provides financial data connectivity, account verification, and balance/transaction infrastructure used by fintechs and banks — overlapping with Stakk's Capture IQ (account/document verification) and Score IQ (cashflow decisioning) use cases. Plaid is a scale incumbent that Stakk must differentiate against in onboarding and risk decisioning.
- Marqeta: Marqeta provides modern card-issuing and transaction processing APIs at scale, comparable to the issuing-adjacent functionality within Stakk IQ. Marqeta's enterprise customer base and public profile set the benchmark Stakk is competing against for bank and large-corporate RFPs.
- Galileo Financial Technologies: Galileo (a SoFi company) offers a broad payments and card-issuing API platform widely used by challenger banks and embedded-finance programs. It overlaps with Stakk's Flow IQ, Settle IQ, and Auth IQ capabilities and is owned by one of Stakk's largest customers.
Emerging players
- Weavr: Weavr is an embedded finance platform offering plug-and-play components for accounts, cards, payments, and identification — a closer architectural analog to Stakk's modular IQ stack than most broader incumbents. Targets SaaS platforms and fintechs seeking rapid embedded-finance deployment.
Regional players
- Column (formerly Narmi): Column provides bank-as-a-platform infrastructure to banks and fintechs, primarily focused on the US market. Its API-first embedded banking proposition overlaps with Stakk IQ's positioning for traditional bank customers modernizing digital infrastructure.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Stakk social profiles
Digital presenceStakk financial estimates
Financial estimateRevenue estimate
Valuation estimate
Stakk leadership team
Management profileNumber of profiles
Profiles3 records
Stakk funding detail
Funding detailFunding overview
Funding rounds6 records
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Stakk M&A and investment
M&A and investmentM&A3 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Stakk
What does Stakk do?
Stakk sells Stakk IQ™, a modular embedded finance infrastructure platform delivered via APIs and SDKs that enables banks, startups, and enterprise clients to embed banking, credit, KYC, fraud detection, payment routing, settlement, and credit decisioning capabilities directly into their own products. Revenue is generated through recurring platform fees under multi-year Master Services Agreements and per-transaction fees for processed activity.
Is Stakk a public or private company?
Stakk is a public company. It is classified as public and is currently operating.
When was Stakk founded?
Stakk was founded in 2016. It employs 11 to 50 people.
Where is Stakk based?
Stakk is headquartered in Sydney, Australia, in the Oceania region.
How does Stakk make money?
Two revenue lines are on record. Platform Fees are the primary driver. The others are transaction Fees.
Who are Stakk's main competitors?
Direct peers on record are Treasury Prime, Unit, Synctera and Finix. Broad incumbents are Stripe, Plaid, Marqeta and Galileo Financial Technologies. Weavr is listed as an emerging player. Column (formerly Narmi) is listed as a regional player.
Does Stakk have an API?
Yes. Stakk offers API services enabling developers to build and enhance customer experiences, improve operational efficiency, and increase revenue. The platform provides API and SDK resources for embedding banking and financial services.
What industry is Stakk in?
Stakk's product category is Embedded Finance Infrastructure (Banking-as-a-Service). Its primary akta.pro industry code is FSAGALAB, Embedded Payments (Pay-ins, Pay-outs, Wallets), with a secondary code of FSAMACAL, Developer Tooling & SDKs for Payments (Gateway Tooling). Its NAICS code is 522320 and its SIC code is 6199.