Huddlestock Fintech

Regulatory Filings • Oct 17, 2023

Norse Securities AS selects Huddlestock's Investment-as-a-Service for digitalization of Project Financing & customer onboarding

Norse Securities AS selects Huddlestock's Investment-as-a-Service for digitalization of Project Financing & customer onboarding

17.10.2023 12:40:50 CEST | Huddlestock Fintech AS | Non-regulatory press

releases

Huddlestock Fintech AS (OSE: HUDL), today announced that Norse Securities AS has

selected Huddlestock's core broker technology for digitalization of their

project financing and customer onboarding within its Corporate Finance business.

Norse Securities AS was established in 2008, is headquartered in Oslo, and is

part of Norse Gruppen. Norse Gruppen's main businesses are within securities

trading, corporate finance, fund management and real estate.

The CEO of Norse Securities AS, Stig A. Rognstad, says: "Being responsible for

successfully building up a professional and fast-growing project finance

business, it is a constant need to evaluate how and where to improve efficiency

and increase digitalization. Our evaluation is that Huddlestock's core broker

module is exactly what we need to improve efficiency within our project

financing and customer onboarding area. We are therefore pleased to have signed

an agreement to utilize their technology".

"We are delighted that Norse Securities has chosen to become a customer and

utilize the advantage of important modules from our Investment-as-a-Service

offering. Furthermore, I am impressed with the way Norse Securities has always

been in the forefront of improving its efficiency and quality by evaluating all

aspects of its operational workflows. We are looking forward to contributing

with our technology to improve efficiency and digitalization for Norse

Securities. Throughout our experience, this also leads to improved end-client

service and satisfaction as well", says John E. Skajem, CEO Huddlestock Fintech

AS.

The deal is strategically important for Huddlestock since it confirms the

market's interest for our Investment-as-a-Service concept in general, but also

since it shows the cross-selling opportunities with the Huddlestock Group.

Expected revenues for Huddlestock will be a combination of licence fees and bps

on Assets under Management (AuM). Implementation will start in Q1 2024.

As announced 22nd December 2022, Norse Securities is the company referred to as

a Northern European Investment Bank.

This information is subject to the disclosure requirements according to Section

5-12 of the Norwegian Securities Trading Act.

To see all press and investor releases please have a look in the investor

relations section of our corporate website

www.huddlestock.com/investor-relations -

http://www.huddlestock.com/investor-relations

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

CONTACTS

* John E. Skajem, Chief Executive Officer, Huddlestock Fintech, +47 418 87 412,

john.skajem@huddlestock.com

* Leif Arnold Thomas, Chief Corporate Development, Huddlestock Fintech -

Corporate Development, +47 982 15 520, leif.thomas@huddlestock.com

ABOUT HUDDLESTOCK FINTECH AS

Huddlestock Fintech is an innovative technology software provider with a leading

expert professional services business. We deliver innovative and sustainable

technology solutions to the capital markets, treasury and wealth management

industries.

Through its technology offering, Huddlestock offers an innovative, compliant,

and data-centric WealthTech SaaS, accelerating the digital transformation, and

trends of hyper-personalization and on-demand banking within the wealth

management industry. Huddlestock's SaaS empowers the embedding of low-cost,

efficient white-label trading and investment services, underpinning

Huddlestock's mission of delivering financial inclusion by democratizing access

to capital markets.

Through its world-class expert professional services business, Huddlestock

delivers strategic technology solutions and process automation for the financial

services industry. This range of services has propelled Huddlestock into

becoming the preferred supplier of financial consultancy services and technology

solutions in the Nordic region. Huddlestock Fintech AS was listed on Euronext

Growth Market 26th November 2020, as Norway's first fintech company to be

publicly traded.

For more information, please visit www.huddlestock.com -

http://www.huddlestock.com/

ATTACHMENTS

Download announcement as PDF.pdf -

https://kommunikasjon.ntb.no/ir-files/17848032/2685/3741/Download%20announcement

%20as%20PDF.pdf

HSF IR Norse press 20231017.pdf -

https://kommunikasjon.ntb.no/ir-files/17848032/2685/3740/HSF%20IR%20Norse%20pres

s%2020231017.pdf