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
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
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.