ApideckTape
← Embedded Finance Index 2026

Stake Rent

“Can a renter loyalty and cash-back platform become the embedded financial OS for the $500B+ U.S. multifamily rental market?”

Founded2019
HQNew York, NY, USA
FoundersRowland Hobbs
Total raised$17.9M
Latest roundSeries A, 2022
IndustryVertical SaaS / Real Estate
The story

Founded as a renter loyalty and cash-back company, Stake embedded banking services (deposit accounts, debit cards) under a BaaS model to make rewards redeemable as real cash. The company initially partnered with Blue Ridge Bank as its sponsor bank, then transitioned to TransPecos Banks, SSB in 2025 following regulatory pressures on Blue Ridge. The Enterprise API launch in 2025 represents a shift toward a B2B2C infrastructure play — enabling property management platforms and PropTech players to embed Stake's cash-back capabilities via API.

Last 12 months
2025-05
2025-07
Product timeline
2019
Stake Network Inc. founded to provide cash-back rewards and banking services to renters.· banking
2021
Raised seed funding and launched the Stake Return on Rent™ loyalty program for apartment renters.· banking
2022
Raised $12M Series A led by RET Ventures ESG Fund to expand cash-back and banking services for renters; total raised reached $17.9M.· banking
2025
Launched Stake Enterprise API in partnership with Plaid, enabling PropTech platforms to embed cash-back rewards in resident apps and portals with money movement and fraud detection.· banking
2025
Migrated consumer deposit account program to TransPecos Banks, SSB (effective May 29, 2025), replacing prior Blue Ridge Bank relationship.· banking
The stack
4 layers disclosed in Stake Rent’s embedded-finance stack
Payments / PSP
Stripe
Banking / BaaS
in the full report
Open banking
in the full report
Sponsor bank
in the full report
Accounting gap: none
3 more providers across 3 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.

Stake Rent — frequently asked

What bank does Stake Rent use?

Stake Rent discloses TransPecos Banks, SSB (sponsor bank) as its banking provider, with TransPecos Banks, SSB as its sponsor bank, according to the Embedded Finance Index 2026.

Is Stake Rent a bank?

Stake Rent does not disclose a bank charter of its own; its banking services are provided through TransPecos Banks, SSB.

Who is Stake Rent's payment processor?

Stake Rent processes payments through Stripe.

Which open banking provider does Stake Rent use?

Stake Rent connects to bank accounts through Plaid.

What is Stake Rent's embedded finance stack?

The Embedded Finance Index 2026 maps 4 layers in Stake Rent's stack: Payments / PSP (Stripe); Banking / BaaS (TransPecos Banks, SSB (sponsor bank)); Open banking (Plaid); Sponsor bank (TransPecos Banks, SSB).

Who founded Stake Rent?

Stake Rent was founded by Rowland Hobbs and is founded in 2019, headquartered in New York, NY, USA.

How much funding has Stake Rent raised?

Stake Rent has raised $17.9M in total (latest round: Series A, 2022).

Benchmark your own stack

Request an embedded finance strategy assessment

Get a read on where your own stack stands against Stake Rent and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.

  • Your category, mappedHow your stack compares to Stake Rent and the other companies in its category.
  • Build vs. buyWhere a provider relationship would close a gap faster than building it.
  • A named analyst, not a form replyA short call to scope what's actually worth assessing for you.

No newsletter, no sharing your address. We use this to reach out about the assessment and nothing else.