23.8.2024 07:00:01 CEST | Huddlestock Fintech AS | Non-regulatory press releases


Huddlestock Fintech AS ("Huddlestock"), a leading investment technology and
services provider, has signed a letter of intent ("LOI") with the German fintech
company Tradevest GmbH ("Tradevest") to explore a potential combined investment
solution in Germany.

In January 2024, Huddlestock announced a LOI with AVL Finanzvermittlung
Beteiligungen GmbH ("AVL") for a potential collaboration to offer trading and
investment services to the German market. Huddlestock intends to leverage
Tradevest's technology in a combined offering to AVL and other future partners.

"With Tradevest's compatible technology, we have the potential to accelerate
entry into the German market through a combined offering," says Leif Arnold
Thomas, CEO of Huddlestock. "Navigating regulatory and technical disparities
across regions for seamless platform technology integration requires significant
investments. A local platform partnership represents an effective alternative to
speed up time to market."

Tradevest is a German financial technology company focused on developing
AI-driven solutions for trading and investment management. The company is based
in Munich.

"With Tradevest, we have identified a potential partner with an ideal setup for
using the Huddlestock Group's digital solutions in the German market," says 
Robert Fuchsgruber, Co-CEO of Huddlestock GmbH.

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 Investment-as-a-Service 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.

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/17848032/18211631/4883/Download%20announce
ment%20as%20PDF.pdf

230824_HFT IR_Press release LOI_Tradevest.pdf -
https://kommunikasjon.ntb.no/ir-files/17848032/18211631/4880/230824_HFT%20IR_Pre
ss%20release%20LOI_Tradevest.pdf