Huddlestock Fintech

Regulatory Filings • Sep 24, 2024

Huddlestock expands IaaS offering to Sirius Asset Management

Huddlestock expands IaaS offering to Sirius Asset Management

24.9.2024 11:10:28 CEST | Huddlestock Fintech AS | Non-regulatory press releases

Huddlestock Fintech AS ("Huddlestock"), a leading investment technology and

services provider, has expanded its existing Investment-as-a-Service ("IaaS")

agreement with Sirius Asset Management ("SAM"), a Swedish-based asset manager.

The agreement extends Huddlestock's delivery of software and back-office

operations.

"This expanded IaaS agreement in Sweden, reaffirms that our offering effectively

meets the growing needs of our customers," said Leif Arnold Thomas, CEO of

Huddlestock. "By extending our IaaS offering to existing customers, we continue

to strengthen our presence in the Nordic markets, in line with our growth

ambitions."

Sirius Asset Management, a licensed securities firm, caters to high-net-worth

individuals and institutions aiming to maximize returns while minimizing risk in

global markets. Currently, Huddlestock provides software and back-office

operations for SAM. Following the expanded agreement, SAM's clients will also be

able to subscribe to and keep SAM's investment funds on their accounts.

Huddlestock's IaaS revenue will be generated through a volume-based fee

structure based on assets under administration.

Huddlestock operates in a self-reinforcing growth market characterized by an

increasing number of investment platforms, more investors, and evolving investor

preferences. By using Huddlestock's IaaS platform, businesses can access

investment tools and expertise without the need for extensive infrastructure or

in-house resources, allowing them to quickly deploy modern and cost-effective

financial services solutions.

Within its existing geographical markets, Huddlestock sees significant untapped

potential for its services. The company is pursuing this by upselling to

existing customers and forging new customer relationships. Upselling activities

are an effective way to drive growth without high acquisition costs. Upselling

adds value to existing customers and provides Huddlestock with valuable insights

into evolving customer needs, strengthening Huddlestock's ability to capitalize

on emerging opportunities.

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/17848032/18251323/5020/Download%20announce

ment%20as%20PDF.pdf