20.11.2024 16:50:21 CET | Huddlestock Fintech AS | Non-regulatory press releases

Huddlestock Fintech AS ("Huddlestock"), a leading investment technology and
services provider, has expanded its existing agreement with the Norwegian
Garantum Wealth Management AS ("Garantum"). Since May 2023, Huddlestock has been
delivering custody services to Garantum, and the expanded IaaS agreement now
includes a front-end solution to be delivered via API. The implementation is
expected in the first quarter 2025.

"With this agreement we are both demonstrating our ability to deliver products
across our end-to-end IaaS platform and our ability to upsell to existing
customers. Garantum's decision to expand their IaaS agreement with us fully
aligns with our vision to empower modern ?financial services and improving
end-user experiences," says Leif Arnold Thomas, CEO of Huddlestock. 

Garantum is an as an affiliated agent of Garantum Fondkommission AB, a Swedish
wealth management firm established in 2004. Renowned for its expertise in
structured investments, the firm is a leader in private wealth management
operating across Sweden, Finland, and Norway. 

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/17848032/18330303/5316/Download%20announce
ment%20as%20PDF.pdf