Huddlestock surpasses NOK 5 billion in Assets under Administration

18 Jun 2024 07:36 CEST

18.6.2024 07:36:02 CEST | Huddlestock Fintech AS | Non-regulatory press releases

Huddlestock, a leading investment technology and services provider, announced
today that its Assets under Administration (AuA) surpassed NOK 5 billion in May
2024, representing a 33 percent growth since September 2023. Safekeeping Assets
under Administration represent one of three recurring revenue drivers in the
company's Investment-as-a-Service (IaaS) offering, in addition to licenses and
transaction fees.

"Surpassing NOK 5 billion in assets under administration marks a milestone for
us and demonstrates our ability to achieve growth through our existing client
portfolio. The rapid increase is a testament to the value that our complete
Investment-as-a-Service offering brings to our clients," said Leif Arnold
Thomas, CEO of Huddlestock.

Huddlestock serves customers across banks, neobanks, wealth managers, fund
companies, and investment platforms through its recurring
Investment-as-a-Service offering and its leading consultancy services.
Investment-as-a-Service enables businesses, from startups to established
platforms, to access a range of applicable investment technologies and services.

Investment firms are required to provide safekeeping for their clients' money
and assets, which comes with a considerable amount of regulatory and
administrative responsibilities. As a result, many startups and incumbent
companies choose to partner with a specialist provider like Huddlestock to meet
these obligations. The increase in Assets under Administration demonstrates
growth from Huddlestock's investment safekeeping and administration services
offering to such companies.

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

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/17848032/18145510/4666/Download%20announce
ment%20as%20PDF.pdf

HFT_IR_180624_Huddlestock surpasses NOK 5bn in assets under administration.pdf -
https://kommunikasjon.ntb.no/ir-files/17848032/18145510/4665/HFT_IR_180624_Huddl
estock%20surpasses%20NOK%205bn%20in%20assets%20under%20administration.pdf

More information:
Access the news on Oslo Bors NewsWeb site

621740_Download announcement as PDF.pdf
621740_HFT_IR_180624_Huddlestock surpasses NOK 5bn in assets under administration.pdf