Huddlestock expands IaaS offering to Sirius Asset Management

24 Sep 2024 11:10 CEST

24.9.2024 11:10:28 CEST | Huddlestock Fintech AS | Non-regulatory press releases

Huddlestock Fintech AS ("Huddlestock"), a leading investment technology and
services provider, has expanded its existing Investment-as-a-Service ("IaaS")
agreement with Sirius Asset Management ("SAM"), a Swedish-based asset manager.
The agreement extends Huddlestock's delivery of software and back-office
operations.

"This expanded IaaS agreement in Sweden, reaffirms that our offering effectively
meets the growing needs of our customers," said Leif Arnold Thomas, CEO of
Huddlestock. "By extending our IaaS offering to existing customers, we continue
to strengthen our presence in the Nordic markets, in line with our growth
ambitions."

Sirius Asset Management, a licensed securities firm, caters to high-net-worth
individuals and institutions aiming to maximize returns while minimizing risk in
global markets. Currently, Huddlestock provides software and back-office
operations for SAM. Following the expanded agreement, SAM's clients will also be
able to subscribe to and keep SAM's investment funds on their accounts.

Huddlestock's IaaS revenue will be generated through a volume-based fee
structure based on assets under administration.

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 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/17848032/18251323/5020/Download%20announce
ment%20as%20PDF.pdf

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