Leading US neobank Current signs contract extension with Stakk

ASX-listed Stakk Ltd have announced it has renewed its longstanding Master Services Agreement with U.S. based neobank Current Financial, Inc.

Stakk will continue delivering Current, a solution encompassing its image capture, authentication, and transaction processing capabilities.

Current is a New York-based financial technology company, not a bank, that offers alternative banking services through its platform, “Current Core,” which uses technology to lower costs compared to traditional banks. Founded in 2015, Current aims to improve financial access and build integrated solutions for Americans by providing services like faster direct deposits, paycheck advances, savings pods, and cryptocurrency services through its partnerships with FDIC-insured banks like Choice Financial Group and Cross River Bank for banking services and Zero Hash for crypto.

It is expected that this agreement will contribute approximately $280,000 in ARR for Stakk over the next 12-months.

Andy Taylor, Chief Executive Officer of Stakk, said, “The continuing support and respect we receive from award winning clients like Current is truly magnificent and greatly appreciated.

“We are so proud to be a small part of the journey that trail blazers, like Current, take to democratize financial solutions for all to benefit from.

“Thank you to Current for the partnership and continued confidence!”