Huddlestock Fintech

M&A Activity • Aug 23, 2024

Huddlestock signs LOI with Tradevest for cooperation in Germany

Huddlestock signs LOI with Tradevest for cooperation in Germany

23.8.2024 07:00:01 CEST | Huddlestock Fintech AS | Non-regulatory press releases

Huddlestock Fintech AS ("Huddlestock"), a leading investment technology and

services provider, has signed a letter of intent ("LOI") with the German fintech

company Tradevest GmbH ("Tradevest") to explore a potential combined investment

solution in Germany.

In January 2024, Huddlestock announced a LOI with AVL Finanzvermittlung

Beteiligungen GmbH ("AVL") for a potential collaboration to offer trading and

investment services to the German market. Huddlestock intends to leverage

Tradevest's technology in a combined offering to AVL and other future partners.

"With Tradevest's compatible technology, we have the potential to accelerate

entry into the German market through a combined offering," says Leif Arnold

Thomas, CEO of Huddlestock. "Navigating regulatory and technical disparities

across regions for seamless platform technology integration requires significant

investments. A local platform partnership represents an effective alternative to

speed up time to market."

Tradevest is a German financial technology company focused on developing

AI-driven solutions for trading and investment management. The company is based

in Munich.

"With Tradevest, we have identified a potential partner with an ideal setup for

using the Huddlestock Group's digital solutions in the German market," says

Robert Fuchsgruber, Co-CEO of Huddlestock GmbH.

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

increasing number of investment platforms, more investors, and evolving investor

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

can access investment tools and expertise without the need for extensive

infrastructure or in-house resources, allowing them to quickly deploy modern and

cost-effective financial services solutions.

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

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/17848032/18211631/4883/Download%20announce

ment%20as%20PDF.pdf

230824_HFT IR_Press release LOI_Tradevest.pdf -

https://kommunikasjon.ntb.no/ir-files/17848032/18211631/4880/230824_HFT%20IR_Pre

ss%20release%20LOI_Tradevest.pdf