Huddlestock Fintech

Regulatory Filings • May 4, 2023

Swedish asset management firm selects Bricknode, a Huddlestock group company, for investment management system and managed services

Swedish asset management firm selects Bricknode, a Huddlestock group company, for investment management system and managed services

4.5.2023 12:03:16 CEST | Huddlestock Fintech AS | Non-regulatory press releases

Bricknode and Huddlestock today announced that a Swedish asset management firm

has selected its cloud investment management system and managed services to

power its operations.

The asset manager is a licenced securities firm providing tailored investments

and portfolio management to private and institutional investors.

By selecting Bricknode's cloud investment management system, Bricknode Broker -

https://bricknode.com/solutions/investing/, the asset manager will be able to

streamline its operations using a single platform. Bricknode Broker provides

extensive investment management operations support including onboarding, client

management, order execution and settlement, reconciliation management, corporate

actions management and regulatory compliance.

The asset manager has also opted to use Bricknode and Huddlestock's managed

services, where administration of the platform is outsourced to Bricknode and

Huddlestock's team of experts.

The asset management firm's CEO comments: "We see technology as one of the

biggest drivers of innovation and growth in the asset management sector. By

implementing a modern cloud investment management system with outsourced

administration, we're able to operate with efficiency and scale, while focusing

on our customers."

Erik Hagelin, Chief Strategy Officer at Huddlestock, adds: "This asset manager

is a great example of a company embracing technology and positioning themselves

for the best long-term success. Asset managers are having to adapt to changing

customer needs and market conditions, and with our platform they can easily

scale their operations and capitalise on new opportunities."

The deal is expected to add annual recurring revenues of between SEK 600.000 -

1.000.000 during the first year. Bricknode will begin the onboarding process

with the asset management firm next week.

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

For further information, please contact:

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 is a leading provider of investment and wealth management SaaS

solutions and services. We provide the technology, expertise and support that

financial institutions need to launch or transform an investment offering. Our

modular approach to cloud software helps firms around the world - from fintech

startups to established banks, neobanks, wealth and asset managers - deploy

innovative solutions with flexibility and speed. With a team made up of

ex-industry practitioners and wealth technology experts, we also provide

professional services and operations outsourcing that drive performance,

innovation and growth for our customers. Huddlestock is listed on the Euronext

Growth market.

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

http://www.huddlestock.com/ and www.bricknode.com - http://www.bricknode.com

ATTACHMENTS

Download announcement as PDF.pdf -

https://kommunikasjon.ntb.no/ir-files/17848032/2324/3207/Download%20announcement

%20as%20PDF.pdf

HSF IR Swedish AM 20230504.pdf -

https://kommunikasjon.ntb.no/ir-files/17848032/2324/3206/HSF%20IR%20Swedish%20AM

%2020230504.pdf