Huddlestock signs cooperation agreement with Tradevest in Germany

16 Sep 2024 12:13 CEST

16.9.2024 12:13:13 CEST | Huddlestock Fintech AS | Non-regulatory press releases

Huddlestock GmbH, a wholly-owned subsidiary of Huddlestock Fintech AS
("Huddlestock"), has signed cooperation agreements with the German fintech
company Tradevest Digital Assets GmbH and the Polish company Tradevest
Technologies Warsaw SP. Z O.O. (collectively referred to as "Tradevest"). The
partnership aims to offer a combined investment solution in Germany, allowing
joint customers to purchase both digital and traditional assets, with Tradevest
providing brokerage & custody software solutions.

The agreement follows the letter of intent (LOI) signed with Tradevest, which
was announced on August 23, 2024. Additionally, on January 9, 2024, Huddlestock
announced a separate letter of intent with AVL Finanzvermittlung Beteiligungen
GmbH ("AVL") outlining a potential collaboration to offer trading and investment
services in the German market. Huddlestock intends to leverage Tradevest's
technology in a combined offering for AVL and other future partners, although no
definitive agreement has yet been reached with AVL.

"Tradevest's compatible technology gives us the opportunity to enter the German
market with a joint solution. By working with a local technology partner, we can
avoid the complexities of developing our own technology while benefiting from
seamless integration", said Leif Arnold Thomas, CEO of Huddlestock.

Tradevest, based in Munich, Germany, is a fintech company specializing in
AI-driven solutions for trading and investment management.


Huddlestock operates in a self-reinforcing growth market characterized by an
increasing number of investment platforms, more investors and evolving investor
preferences. By utilizing Huddlestock's Investment-as-a-Service platform,
companies can access investment tools and expertise without the need for
extensive infrastructure or internal resources, enabling them to quickly deploy
modern and cost-effective financial services solutions.

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/17848032/18241688/4965/Download%20announce
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240916_ HFT_press release_TV_FINAL.pdf -
https://kommunikasjon.ntb.no/ir-files/17848032/18241688/4964/240916_%20HFT_press
%20release_TV_FINAL.pdf

More information:
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