Regulatory Filings • Apr 16, 2024
Regulatory Filings
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Huddlestock exploring potential to support a new Norwegian fintech platform
16.4.2024 08:00:00 CEST | Huddlestock Fintech AS | Non-regulatory press releases
Huddlestock has today signed a letter of intent (LOI) with HILI, a Norwegian
fintech start-up, to explore the utilization of its investment infrastructure in
developing HILI's new home ownership platform and the implementation of an
alternative investment fund. The collaboration aligns with Huddlestock's
strategy of fostering client growth and being an active partner in contributing
to the early-stage development of emerging fintech companies.
"Fintech start-ups represent a growing opportunity for Huddlestock, and we aim
to be a solid long-term partner for companies that want to launch innovative new
investment services. Our white-label technology and experienced development team
enable accelerated time-to-market for customers," says Leif Arnold Thomas, CEO
of Huddlestock.
Huddlestock offers Investment-as-a-Service (IaaS) to wealth managers, investment
platforms and fund companies at different stages of the company lifecycle.
Mature companies typically have a larger established customer base and hold
greater short-term revenue potential for Huddlestock than early-stage
collaborations. However, gaining exposure to early-stage companies is a key
enabler for growing long-term potential.
HILI is a new Norwegian fintech company that offers a two-sided platform for
uniting homeowners and investors. On one side, the platform supports homeowners
in navigating through life events, while on the other side, it gives investors
exposure to residential real estate growth without the need for direct ownership
in properties. HILI will be launched at the Norwegian Fintech Festival on 17
April 2024 in Bergen, and Huddlestock's CEO will join the company on stage to
present its technology to a wide range of fintech companies.
The intention of the LOI with HILI is to explore potential further agreements
and technology development within the industry, enabling the build-up of a
robust fintech platform for the Norwegian market. For Huddlestock, the LOI
serves as proof-of-concept that its technology, competence and pricing model are
appealing to the fintech start-up segment.
Thomas concludes: "Our revenue model is based on monthly licenses, assets under
management and transaction fees. In other words, the success of start-ups could,
over time, translate to success for us. Early engagement with emerging fintech
companies is the first step to unlocking this market opportunity."
For further information, please contact:
CEO Leif Arnold Thomas
+47 982 15 520
About Huddlestock:
Huddlestock is a leading provider of investment and wealth management SaaS
solutions and services. We provide the technology, expertise and support that
financial institutions need to launch or transform an investment offering. Our
modular approach to cloud software helps firms around the world - from fintech
startups to established banks, neobanks, wealth and asset managers - deploy
innovative solutions with flexibility and speed. With a team made up of
ex-industry practitioners and wealth technology experts, we also provide
professional services and operations outsourcing that drive performance,
innovation and growth for our customers. Huddlestock is listed on the Euronext
Growth market. Find out more at huddlestock.com - http://huddlestock.com -
https://www.huddlestock.com/
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, +47 982 15
520, [email protected]
ATTACHMENTS
Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17848032/3026/4308/Download%20announcement
%20as%20PDF.pdf
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