Trust Stamp announces $12.7m+ contract extension

Rhea-AI Summary

Trust Stamp (NASDAQ:IDAI) has secured a significant contract extension with a Fortune 500 financial services customer through May 31st, 2031. The amended agreement guarantees minimum gross revenue exceeding $12.7 million over the contract term.

The contract amendment includes modifications to the fee structure, featuring guaranteed monthly minimums and annual inflation-linked increases. The customer, one of the largest issuers of private-label and co-branded credit cards in the United States, has been partnering with Trust Stamp since November 2016, utilizing their technology solutions.

Positive

• None.

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• Contract subject to customary cancellation rights

Insights

Financial Analyst

Trust Stamp secures $12.7M+ contract extension through 2031, providing stable revenue stream and validating their technology in financial services.

Trust Stamp's contract extension through May 2031 with a Fortune 500 financial services customer represents a significant revenue commitment exceeding $12.7 million over the extended term. This amendment to agreements dating back to 2016 includes guaranteed minimum monthly fees with annual inflation-linked increases, creating a stable, predictable revenue foundation for the company.

The longevity of this relationship (now spanning 15 years since 2016) demonstrates exceptional client retention and validates the mission-critical nature of Trust Stamp's identity technology. While the customer remains unnamed, they're described as one of the largest issuers of private-label and co-branded credit cards in the United States, indicating Trust Stamp's technology has achieved integration into significant financial infrastructure.

Particularly noteworthy is the guaranteed minimum monthly fee structure which establishes a revenue floor while allowing upside potential as usage grows. This pricing model shift suggests Trust Stamp's technology is experiencing increased utilization within the customer's operations, potentially reflecting wider deployment across their customer base of "tens of millions of Americans."

For a Nasdaq-listed company focused on identity solutions, securing long-term contracts with major financial institutions creates valuable stability in an otherwise volatile technology sector. The six-year extension provides revenue visibility uncommon for smaller technology providers and signals substantial confidence from a major customer despite typical market uncertainties.

Trust Stamp has entered into a contract amendment with its Fortune 500 financial services customer extending the term of the existing contract until May 31st 2031 with minimum gross revenue exceeding $12.7m over the balance of the contract term

Atlanta, GA, Sept. 19, 2025 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI) has announced an amendment to the Software and Licensing Agreements with its Fortune 500 financial services customer extending the contract first entered into in November 2016 to May 31st 2031, subject to customary cancellation rights. The amendment also provides for changes to the fee structure to reflect the growing usage of Trust Stamp’s technology with guaranteed minimum monthly fees and annual inflation linked increases. Based on the minimums set out in the amendment, the gross revenue over the balance of the contract term has the potential to exceed $12.7 million.

Gareth N. Genner, Chief Executive Officer of Trust Stamp commented: “Our customer is a Fortune 500 financial services leader and one of the largest issuers of private-label and co-branded credit cards in the United States. With deep marquee partnerships across retail, healthcare, and digital platforms, the group combines scale, innovation, and financial strength to deliver consumer financing solutions trusted by tens of millions of Americans. We have been proud to support our customer with market-leading technology initiatives over the last nine years and are excited by the continued partnership and growth potential as we jointly develop consumer-friendly solutions that empower people and businesses alike.”

For more information about Trust Stamp and its initiatives, visit www.truststamp.ai.

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Trust Stamp                                                   Email: Shareholders@truststamp.ai

About Trust Stamp

Trust Stamp is a global provider of AI-powered services for use in multiple sectors including banking and finance, regulatory compliance, government, healthcare, real estate, communications, and humanitarian services. Its technology empowers organizations via advanced solutions that reduce fraud, tokenize and secure data, securely authenticate users while protecting personal privacy, reduce friction in digital transactions, and increase operational efficiency, enabling customers to accelerate secure financial inclusion and reach and serve a broader base of users worldwide.

With team members from twenty-two nationalities in eight countries across North America, Europe, Asia, and Africa, Trust Stamp trades on the Nasdaq Capital Market (Nasdaq: IDAI).

Safe Harbor Statement: Caution Concerning Forward-Looking Remarks 

All statements in this release that are not based on historical fact are “forward-looking statements” including within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The information in this announcement may contain forward-looking statements and information related to, among other things, the company, its business plan and strategy, and its industry. These statements reflect management’s current views with respect to future events-based information currently available and are subject to risks and uncertainties that could cause the company’s actual results to differ materially from those contained in the forward-looking statements. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. The company does not undertake any obligation to revise or update these forward-looking statements to reflect events or circumstances after such date or to reflect the occurrence of unanticipated events.

FAQ

What is the value of Trust Stamp's (IDAI) new contract extension?

The contract extension guarantees minimum gross revenue exceeding $12.7 million through May 31st, 2031.

How long is Trust Stamp's (IDAI) extended contract valid?

The contract has been extended until May 31st, 2031, representing a significant extension from the original 2016 agreement.

What changes were made to Trust Stamp's (IDAI) contract terms?

The amendment includes guaranteed minimum monthly fees and annual inflation-linked increases to reflect growing usage of Trust Stamp's technology.

Who is Trust Stamp's (IDAI) Fortune 500 customer in this contract?

While not specifically named, the customer is described as one of the largest issuers of private-label and co-branded credit cards in the United States, with partnerships across retail, healthcare, and digital platforms.

When did Trust Stamp (IDAI) originally start working with this customer?

Trust Stamp first entered into the Software and Licensing Agreements with this customer in November 2016, maintaining a partnership for over 9 years.