Huddlestock Fintech

Related Party Transaction • Sep 16, 2024

Huddlestock signs cooperation agreement with Tradevest in Germany

Huddlestock signs cooperation agreement with Tradevest in Germany

16.9.2024 12:13:13 CEST | Huddlestock Fintech AS | Non-regulatory press releases

Huddlestock GmbH, a wholly-owned subsidiary of Huddlestock Fintech AS

("Huddlestock"), has signed cooperation agreements with the German fintech

company Tradevest Digital Assets GmbH and the Polish company Tradevest

Technologies Warsaw SP. Z O.O. (collectively referred to as "Tradevest"). The

partnership aims to offer a combined investment solution in Germany, allowing

joint customers to purchase both digital and traditional assets, with Tradevest

providing brokerage & custody software solutions.

The agreement follows the letter of intent (LOI) signed with Tradevest, which

was announced on August 23, 2024. Additionally, on January 9, 2024, Huddlestock

announced a separate letter of intent with AVL Finanzvermittlung Beteiligungen

GmbH ("AVL") outlining a potential collaboration to offer trading and investment

services in the German market. Huddlestock intends to leverage Tradevest's

technology in a combined offering for AVL and other future partners, although no

definitive agreement has yet been reached with AVL.

"Tradevest's compatible technology gives us the opportunity to enter the German

market with a joint solution. By working with a local technology partner, we can

avoid the complexities of developing our own technology while benefiting from

seamless integration", said Leif Arnold Thomas, CEO of Huddlestock.

Tradevest, based in Munich, Germany, is a fintech company specializing in

AI-driven solutions for trading and investment management.

Huddlestock operates in a self-reinforcing growth market characterized by an

increasing number of investment platforms, more investors and evolving investor

preferences. By utilizing Huddlestock's Investment-as-a-Service platform,

companies can access investment tools and expertise without the need for

extensive infrastructure or internal resources, enabling them to quickly deploy

modern and cost-effective financial services solutions.

CONTACTS

* Leif Arnold Thomas, Chief Executive Officer, Huddlestock Fintech AS, +47 982

15 520, leif.thomas@huddlestock.com

ABOUT HUDDLESTOCK FINTECH AS

Huddlestock is an innovative technology software provider through its

Investment-as-a-service offering, with full operational service support and a

leading financial Consultancy services business. We deliver innovative and

sustainable technology and operational solutions to companies offering financial

products and services.

Find out more at huddlestock.com - https://www.huddlestock.com/

ATTACHMENTS

Download announcement as PDF.pdf -

https://kommunikasjon.ntb.no/ir-files/17848032/18241688/4965/Download%20announce

ment%20as%20PDF.pdf

240916_ HFT_press release_TV_FINAL.pdf -

https://kommunikasjon.ntb.no/ir-files/17848032/18241688/4964/240916_%20HFT_press

%20release_TV_FINAL.pdf