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Stakk Ltd (ASX:SKK) has made another big-name deal in September, landing U.S.-based and Nasdaq-listed telco giant T-Mobile on its books, to whom Stakk is now regarded as a “critical vendor.”
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Under a three-year deal, T-Mobile will be using Stakk’s “image capture, image authentication… and document/data orchestration capabilities” as part of a new ‘Super App’ coming from the telco, part of a larger roll-out of ‘T-Mobile Money.’
In other words, Stakk makes ‘startup banking’ software, and it looks like Know Your Customer (KYC) compliance may be ultimately what Stakk’s tech ends up providing via T-Mobile. Just last month, SKK inked a deal with U.S.-based trading app Robinhood, which itself is trying to establish a banking services arm, and it’s fair to say that deal put Stakk on the map in Q3 CY2025.
While the company spoke of immediate revenue generation via monthly fees, Stakk fell short of attributing a financial value to the 3Y contract on Tuesday, but that wasn’t enough to dent sentiment. (Such was the case for its landmark deal with Robinhood.)
“Securing T-Mobile as another tier-one client of Stakk, hot on the heels of securing the Robinhood (NASDAQ:HOOD) agreement, is a testament to our executional capabilities in this space,” Stakk CEO Andy Taylor said.
“T-Mobile is not just the second-largest carrier in the U.S., they are a beacon of innovation in an otherwise stagnant market, constantly looking to create more meaningful value for their customers and shareholders alike.”
That’s a lot of passion for an Aussie telco company. In the last hour of morning trade on Tuesday, Stakk’s one-year returns are up over +900%.
SKK last traded at 5.4cps.
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