Huddlestock Fintech

M&A Activity • Mar 24, 2025

Huddlestock signs agreement to expand into the German market

Huddlestock signs agreement to expand into the German market

24.3.2025 13:27:31 CET | Huddlestock Fintech AS | Additional regulated

information required to be disclosed under the laws of a member state

Huddlestock Fintech AS ("Huddlestock" or the "Company") through its German

subsidiary Huddlestock GmbH, has today signed an agreement with GIGA Broker GmbH

("GIGA Broker"), a sister company of AVL Finanzvermittlung GmbH ("AVL") and both

wholly owned subsidiaries of AVL Group Holding, to support the introduction of a

new digital trading and investment solution in Germany under the GIGA Broker

brand. For Huddlestock the agreement marks an accelerated market entry into

Germany, in cooperation with the local fintech partner Tradevest Digital Assets

GmbH ("Tradevest"), a market where the Company sees large potential to support

more trading and investment platforms through its local partner setup.

The agreement relates to the Letter of Intent with AVL disclosed on 9 January

2024, the cooperation agreement with Tradevest disclosed 9 September 2024 and

updates in quarterly investor reporting.

"After months of planning, preparations and negotiations, we are very pleased to

finally announce our expansion into Germany. We look forward to embarking on

this project together - developing GIGA Broker for the German market and support

in onboarding AVLs existing customers to the platform," says Leif Arnold Thomas,

CEO of Huddlestock. "This agreement marks a significant step forward in our

three-pillar strategy of expanding across our three business areas through

strong partnerships, and the first step to unlock the German market potential."

GIGA Broker will enable securities trading such as stocks, ETFs, derivatives,

cryptocurrencies and other financial instruments, which will appeal to customers

in German-speaking countries. The trading and investment platform will be

developed and launched in collaboration with AVL, which has successfully

brokered products with an investment approach since the company was founded in

1997. Today, AVL is one of the leading financial brokers in the discount segment

with more than 65,000 end customers and assets under administration of more than

EUR 2.5 billion. The customers will be onboard to the new GIGA Broker platform,

starting in the second half of 2025.

"As one of the most progressive and successful providers of investment services

in Germany, we are very keen to expand our offering and reach new target groups.

We want to establish a new broker in Germany that sets standards, both in terms

of the user interface and the technological setup. To realize this, Huddlestock

and their best-in-class ecosystem is an excellent partner," says Simon Lange,

Managing Director of GIGA Broker GmbH and Co-CEO of AVL.

GIGA Broker GmbH will be responsible for the offering, pricing, customer

acquisition and support, while Huddlestock will provide the necessary liability

umbrella and, in cooperation with local banking and technology partners,

front-end, back-office and custody services similar to its Nordic

Investment-as-a-Service offering. Revenue to Huddlestock will develop with

assets under management (AUM) and trading frequency on top of a fixed monthly

retainer, as the GIGA Broker platform onboards end-customers which is expected

to start in the second half of 2025.

Huddlestock operates in a self-reinforced growth market defined by more

investors, evolving preferences, and more investment platforms. AVL's venture,

targeting new customers through the planned launch of its new platform GIGA

Broker, underscores these market dynamics and the value potential of

Huddlestock's three-pillar strategy across its three distinct business areas:

Investment-as-a-Service in the Nordics, German expansion with partners, and

Consulting (Visigon).

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/17848032/18467248/5849/Download%20announce

ment%20as%20PDF.pdf