Huddlestock Fintech

Earnings Release • Jun 18, 2024

Huddlestock surpasses NOK 5 billion in Assets under Administration

Huddlestock surpasses NOK 5 billion in Assets under Administration

18.6.2024 07:36:02 CEST | Huddlestock Fintech AS | Non-regulatory press releases

Huddlestock, a leading investment technology and services provider, announced

today that its Assets under Administration (AuA) surpassed NOK 5 billion in May

2024, representing a 33 percent growth since September 2023. Safekeeping Assets

under Administration represent one of three recurring revenue drivers in the

company's Investment-as-a-Service (IaaS) offering, in addition to licenses and

transaction fees.

"Surpassing NOK 5 billion in assets under administration marks a milestone for

us and demonstrates our ability to achieve growth through our existing client

portfolio. The rapid increase is a testament to the value that our complete

Investment-as-a-Service offering brings to our clients," said Leif Arnold

Thomas, CEO of Huddlestock.

Huddlestock serves customers across banks, neobanks, wealth managers, fund

companies, and investment platforms through its recurring

Investment-as-a-Service offering and its leading consultancy services.

Investment-as-a-Service enables businesses, from startups to established

platforms, to access a range of applicable investment technologies and services.

Investment firms are required to provide safekeeping for their clients' money

and assets, which comes with a considerable amount of regulatory and

administrative responsibilities. As a result, many startups and incumbent

companies choose to partner with a specialist provider like Huddlestock to meet

these obligations. The increase in Assets under Administration demonstrates

growth from Huddlestock's investment safekeeping and administration services

offering to such companies.

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

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/17848032/18145510/4666/Download%20announce

ment%20as%20PDF.pdf

HFT_IR_180624_Huddlestock surpasses NOK 5bn in assets under administration.pdf -

https://kommunikasjon.ntb.no/ir-files/17848032/18145510/4665/HFT_IR_180624_Huddl

estock%20surpasses%20NOK%205bn%20in%20assets%20under%20administration.pdf