Huddlestock Fintech

Regulatory Filings • Sep 8, 2022

Huddlestock Fintech AS (OSE: HUDL) are pleased to report that the first German end-clients are now onboard on the Bedrock trading platform.

Huddlestock Fintech AS (OSE: HUDL) are pleased to report that the first German end-clients are now onboard on the Bedrock trading platform.

8.9.2022 08:00:01 CEST | Huddlestock Fintech AS | Non-regulatory press releases

Huddlestock Fintech announced on the 23rd of May 2022 that it had signed a full

white-label contract with Solaris AG, the leading European Banking-as-a-Service

platform with headquarters in Berlin, Germany. The comprehensive agreement

ensures that many of the B2B clients of Solaris can go live with Huddlestock's

technology when offering low-cost trading opportunities for their customers.

The first German end clients are now onboard and live on the Bedrock trading

platform, and the first trades have been executed and successfully settled.

* Technical testing has been successful, and the solution is validated and

being commercialized.

* Solaris has now been onboarded together with their first partner bank. The

first end-clients are now onboard, and live trades have commenced this week.

Trades have been executed in the market and settled successfully. We estimate

that initially the first 100.000 end customers will be taking the service in

use in the months to come.

* The second client is to be onboarded and go live during 4th quarter 2022.

With these customers, Huddlestock will expand and be a large infrastructure

provider for low-cost trading in Europe.

This investment solution will further be offered to Solaris' more than 60 B2B

clients and open the world of high growth retail brokerage market to millions of

end customers by offering trading in equities, ETFs, CFD´s, futures, and mutual

funds, through individual trading accounts and/or savings plans. The

infrastructure behind Solaris' innovative investment solution will be powered by

Huddlestock and offered through its core API.

"Our solution opens up markets for more investors and provides a

trading-in-a-box solution to clients like Solaris. Our pipeline of clients is

growing every day, and with our recent acquisitions we can offer a more

versatile B2B offering than any other provider in Europe. We are now set to

grow, with a strong team and a unique technology," says John E. Skajem, Group

CEO, Huddlestock Fintech.

About Solaris: Solaris is Europe's leading Banking-as-a-Service platform. They

enable other businesses to offer their own financial services both rapidly and

compliantly in the EU/EEA and the UK. Via APIs, their partners can integrate

modular financial services directly into their own product offering. Solaris

services cover fiat and crypto assets, lending as well as payments, card issuing

and processing. In 2021, Solaris opened branches in France, Italy, and Spain to

offer local IBANs, providing access to local financial eco-systems in Europe's

largest markets. Headquartered in Berlin, the group now boasts over 700

employees at eight locations in Europe and in India. Combined net revenues in

2021 amounted to around EUR 100 million, representing over 90 percent

year-on-year growth.

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

CONTACTS

* Cecilia Luras, Chief of Strategy & Communications, +47 951 45 382,

col@huddlestock.com

* John E. Skajem, CEO, +47 418 87 412, jes@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/17848032/1729/2319/Download%20announcement

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