Huddlestock - Business update on Germany

05 Dec 2024 11:03 CET

5.12.2024 11:03:25 CET | Huddlestock Fintech AS | Non-regulatory press releases

Huddlestock sees significant growth opportunities in Europe, particularly in
Germany where it continues to pursue opportunities which can enable an
accelerated market entry. With its products developed in the Nordic region,
Huddlestock is strategically positioned to meet the increasing demand for
digitalized products in the European financial industry. Huddlestock experiences
interest from both established financial institutions, but also emerging players
seeking solutions that can shorten the time to market within a strong
competitive financial industry. One such player in Germany is AVL
Finanzvermittlung Beteiligungen GmbH ("AVL")

On 9 January 2024, Huddlestock entered into a Letter of Intent (LOI) with AVL
Finanzvermittlung Beteiligungen GmbH ("AVL") for a potential collaboration. The
parties have explored alternative set-ups throughout 2024 with objective to
agree on the most efficient delivery model for both parties in the German
market. The discussions regarding a potential cooperation between Huddlestock
and AVL are still ongoing, and both parties continue to consistently engage in
regular meetings and workshops with the aim of a future collaboration.

On 16 September 2024, as part of finding an efficient delivery model,
Huddlestock signed an agreement 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 and
custody software solutions. Huddlestock continues its pursuit of an accelerated
market entry into Germany, where the company's sees large opportunities for
deployment of its Investment-as-a-Service (IaaS) platform in combination with
local partners.

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

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https://kommunikasjon.ntb.no/ir-files/17848032/18349088/5372/Download%20announce
ment%20as%20PDF.pdf

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