Huddlestock Fintech

Regulatory Filings • Sep 18, 2024

Huddlestock expands IaaS offering to existing Swedish customer

Huddlestock expands IaaS offering to existing Swedish customer

18.9.2024 13:28:20 CEST | Huddlestock Fintech AS | Non-regulatory press releases

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

services provider, has extended and expanded its existing

Investment-as-a-Service ("IaaS") agreement with a Swedish-based global asset

manager. The agreement includes the delivery of software, back-office operations

and end-customer solutions.

"This once again highlights our ability to drive growth through existing

clients," says Leif Arnold Thomas, CEO of Huddlestock. "The agreement will

elevate the quality of services provided and enable us to deliver new,

innovative solutions, such as enhanced end-customer offerings."

The customer, a global asset manager based in Sweden, provides investment

solutions to leading institutions, companies and private individuals.

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. Huddlestock's IaaS revenue is driven by recurring

license fees, assets under administration and transaction fees.

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/17848032/18245767/4986/Download%20announce

ment%20as%20PDF.pdf

180924 HFT press release- Huddlestock expands IaaS-offering to existing Swedish

customer.pdf -

https://kommunikasjon.ntb.no/ir-files/17848032/18245767/4985/180924%20HFT%20pres

s%20release-%20Huddlestock%20expands%20IaaS-offering%20to%20existing%20Swedish%2

0customer.pdf