Huddlestock Fintech

Regulatory Filings • Aug 6, 2024

Huddlestock expands IaaS-offering to existing Norwegian customer

Huddlestock expands IaaS-offering to existing Norwegian customer

6.8.2024 08:07:29 CEST | Huddlestock Fintech AS | Non-regulatory press releases

Huddlestock, a leading investment technology and services provider, has signed

an agreement to provide a new Investment-as-a-service (IaaS) offering to its

existing wealth management customer Kraft Finans AS. The new offering provides a

shareholder registry within a nominee structure for private equity investments

and is based on existing software and services on Huddlestock's IaaS-platform.

The agreement will come into effect once market approval has been obtained for

Kraft Finans' first private equity fund.

"We take pride in our ability to enable any company to launch new investment

services, and to support them on the forefront of capital markets innovation

through our IaaS-platform." says Leif Arnold Thomas, CEO of Huddlestock. "The

expansion of our offering to existing customers is proof of the effectiveness of

our business model and technology and our ability to meet new market needs."

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

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

preferences. By using the Huddlestock IaaS-platform, customers can access

investment tools and expertise without the need for extensive infrastructure or

in-house resources and 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 a large untapped

potential for its services. The company pursues this both by upselling to

existing customers and through forging new customer relationships. Upselling

activities is 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.

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/17848032/18191713/4809/Download%20announce

ment%20as%20PDF.pdf

06082024_Huddlestock - Expands IaaS-offering to existing Norwegian customer.pdf

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https://kommunikasjon.ntb.no/ir-files/17848032/18191713/4808/06082024_Huddlestoc

k%20-%20Expands%20IaaS-offering%20to%20existing%20Norwegian%20customer.pdf