M&A Activity • Aug 23, 2024
M&A Activity
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23.8.2024 07:00:00 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.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Leif Arnold Thomas, Chief Executive Officer, Huddlestock Fintech AS, +47 982 15 520, [email protected]
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
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