By Digifin Pty Ltd · About this coverage
Key Points
- US$9.0m (about A$12.95m) five-year Candescent agreement via ParaScript
- About US$1.8m (A$2.59m) annual revenue through 31 December 2030
- Technology live for in-branch, teller and back-office applications
- Expected to contribute modestly above FY2027 $55m revenue milestone
- AUD equivalents at A$1.00 = US$0.695; actual AUD revenue may vary
About Stakk (ASX:SKK)
Stakk Limited is an ASX-listed technology company headquartered in Sydney. It develops embedded finance and digital trust software used to verify identity, documents and transactions for regulated organisations.
Stakk (ASX:SKK) said wholly owned subsidiary ParaScript executed a US$9.0 million (approximately A$12.95 million) five-year agreement with U.S. financial infrastructure provider Candescent, with Stakk's technology now live in Candescent's offerings.
The agreement delivers about US$1.8 million (approximately A$2.59 million) annually through to 31 December 2030, with support included. Stakk says rollout is complete and its AI-powered cheque and document intelligence is live for in-branch, teller and back-office applications, including corporate remote deposit capture. Candescent serves more than 1,300 banks and credit unions representing over 30 million registered users. The agreement is expected to contribute modestly above Stakk's FY2027 revenue milestone of $55 million and significantly to FY2028 revenue outcomes, with scope to grow beyond the initial contract. Australian dollar equivalents use A$1.00 = US$0.695; actual Australian dollar revenue will depend on prevailing exchange rates.
The release does not break out contract margins or state how much of the FY2027 milestone is already contracted from other customers.
Source: Stakk Limited (ASX:SKK), 2 October 2026. Summary content supplied by Digifin Pty Ltd.
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