ASX-listed Stakk Ltd (ASX: SKK) have announced it has secured a 2-year Master Services Agreement to deliver its Embedded Finance solution to US-based Robinhood Markets, Inc. (the Agreement).

Specifically, from today onwards, Stakk will be delivering Robinhood a solution encompassing its image capture, authentication, and transaction processing capabilities. The Agreement can be renewed by mutual consent for subsequent terms of 1-year.

Robinhood, best known for introducing a new generation of traders to the stock market, crypto, and ETFs is, as part of the launch of Robinhood Banking, growing up alongside its customers, moving one step closer to becoming a full financial-service company, along the likes of Fidelity, and Charles Schwab.

Robinhood’s clients with a Gold subscription will have free access to Robinhood Banking, billed as a private banking offering in the US market with individual and joint checking and savings accounts as well as luxury benefits on offer.

Although the revenue Stakk will generate under this Agreement is largely predicated on the success of Robinhood’s new banking offering and is therefore unknown at this time, this Agreement is material to Stakk due to the size and scale of Robinhood, and their significant investment in and commitment to their new initiative.

Andy Taylor (pictured), Chief Executive Officer of Stakk, said, “We couldn’t be more proud to add Robinhood as another great client to an already impressive client list.

“The confidence Robinhood has placed in us, at this stage of our journey into Embedded Finance, is a tremendous vote of confidence in what we do, and how we deliver. Thank you to Robinhood and their team for the partnership!”