Stake is a financial technology platform that provides renters with cash back rewards for on-time rent payments, enabling them to earn money while fulfilling their housing obligations. By integrating a Visa debit card and banking services, Stake enhances the rental experience, allowing users to build credit and access funds quickly without incurring debt.
Funding
$12M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
+1Founders
Product
Problem
Renters often struggle to save money and build credit while meeting their monthly housing obligations. Traditional rental payment systems offer little to no financial incentives for on-time payments, missing an opportunity to reward responsible renters and improve their financial well-being.
Solution
Stake provides a financial platform designed to reward renters for paying rent on time, helping them save money and build credit. By integrating a Visa debit card and banking services, Stake enables renters to earn cash back on rent payments and everyday spending. Users can access their paychecks up to two days early and utilize a suite of banking services to accelerate savings. Positive rent payments are reported to credit bureaus, allowing renters to build their credit scores without taking on debt.
Target Audience
Stake primarily targets renters seeking to improve their financial standing by earning rewards on rent payments, building credit, and accessing banking services tailored to their needs. The platform also targets property operators looking to improve resident satisfaction and reduce delinquency rates.
Features
- Cash back rewards on on-time rent payments
- Stake Visa Debit Card with cash back on purchases
- Early paycheck access, up to two days in advance
- Credit building through reporting of positive rent payments
- Instant money transfers with the first transfer free
- Access to a network of 40,000 ATMs
- ACH transfers