Huddlestock Fintech

Regulatory Filings • Jun 15, 2022

Huddlestock Fintech AS (OSE: HUDL) signs major contract with Solarisbank, the leading European Banking-as-a-Service platform.

Huddlestock Fintech AS (OSE: HUDL) signs major contract with Solarisbank, the leading European Banking-as-a-Service platform.

15.6.2022 08:00:00 CEST | Huddlestock Fintech AS | Non-regulatory press releases

Huddlestock Fintech is delighted to announce the signing of a full white-label

contract with Solarisbank, the leading European Banking-as-a-Service platform

with headquarters in Berlin, Germany.

«Solarisbank's choice of Huddlestock's Bedrock solution for the trading of

financial instruments is a major endorsement of our unique SaaS WealthTech

trading platform. I want to thank all our talented colleagues within both

Huddlestock and Solarisbank for their hard work these past months in delivering

a financial trading solution for Solarisbank's customers. The addition of

securities brokerage and investment services to Solarisbank's product offering,

provides their clients with the opportunity to embed savings and securities

trading accounts in their final client offer, increasing share of wallet,

customer loyalty and retention," John E. Skajem, Group CEO, Huddlestock Fintech

AS.

Solarisbank will offer its client's investment and brokerage services by

embedding Huddlestock's proprietary Bedrock WealthTech SaaS trading solution.

The new investment solution will offer Solarisbank's more than 60 partners and

their more than 5 million unique end clients, the opportunity to participate in

the high growth retail brokerage market by offering trading in equities, ETFs,

CFDs and mutual funds via one time order or savings plan. The infrastructure

behind Solarisbank's innovative investment solution will be powered by

Huddlestock and offered through its core API.

"We are very happy to extend our product universe with an important puzzle

piece: brokerage. Due to several and obvious reasons it is a logical fit in our

company strategy, and we are proud to have Huddlestock, an experienced and

strong partner, empowering us and being the technical connector to the custodian

bank," says Georg Heibel, Vice President Brokerage, Solarisbank GmbH.

The first publicly announced client to embrace Solarisbank's investment services

is the next-generation neobroker, Fina. Founded in 2020 with the aim to provide

financial education for Millennials and the GenZ, Fina will, through

Solarisbank's BaaS add the new investment solution powered by Huddlestock's

Bedrock WealthTech Saas, offering its customers the opportunity to invest into

diversified asset classes and deliver on its vision of financial inclusivity.

"We are delighted to be able to help our customers add new services to their

client offer and increase their share of client wallets. Working with the

neobroker Fina on the launch of an inclusive securities brokerage service -

https://newsroom.solarisbank.com/212548-solarisbank-partners-with-neobroker-fina

-to-launch-securities-brokerage-product is an exciting next step for

Solarisbank, and could not have been done without our partners Huddlestock

Fintech. Doing this in a sustainable and impactful way is firmly in line with

Solarisbank values», says Georg Heibel, Vice President Brokerage, Solarisbank

GmbH.

"As a UN Global Compact signatory, we firmly embrace a more sustainable and

inclusive world. Increasing access to financial services by creating products

that can easily be embedded into service offerings in a cost efficient and

scalable way, is in line with our mission of democratizing access to capital

markets," says John E. Skajem, Group CEO, Huddlestock Fintech.

About Solarisbank: Solarisbank is Europe's leading Banking-as-a-Service

platform. We enable other businesses to offer their own financial services both

rapidly and compliantly in the EEA and UK. Via APIs, our partners can integrate

modular financial services directly into their own product offering. Our

services cover gore banking services, fiat and crypto assets, lending as well as

payments, card issuing and processing. In 2021, we opened up 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 and London, our

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. Solarisbank has more than 60 partners and

more than 5 million unique end clients on their platforms.

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

CONTACTS

* Cecilia Luras, Director of Strategy & Investor Relations, +47 951 45 382,

col@huddlestock.com

* John E. Skajem, CEO, +47 418 87 412, jes@huddlestock.com

ABOUT HUDDLESTOCK FINTECH AS

Huddlestock Fintech delivers innovative 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 26 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/17848032/1541/2107/Download%20announcement

%20as%20PDF.pdf