Forte Fondene/Kraft Finans named as customer in Huddlestock's recent contract signing

14 Jan 2025 12:03 CET

14.1.2025 12:03:01 CET | Huddlestock Fintech AS | Non-regulatory press releases

Huddlestock Fintech AS ("Huddlestock"), a leading investment technology and
services provider, disclose that one of the two previously undisclosed
Investment-as-Service (IaaS) customers mentioned in its earlier press release on
8 January 2025 is Norwegian-based asset manager Kraft Finans AS ("Kraft
Finans"). The agreement with Kraft Finans underscores Huddlestock's dedication
to delivering growth enabling solutions to industry leaders and comes as a
direct result of Kraft Finans' recent acquisition of Forte Fondene.

"We are very happy to support an existing client with our IaaS solutions through
their growth and expansion," says Leif Arnold Thomas, CEO of Huddlestock. "In
addition to a fixed monthly component, the contract is linked to the capital
that the funds are able to attract. In other words, this is a model that creates
a shared interest between our customer and us in their continued success."

Kraft Finans offers a comprehensive advisory service in wealth management, with
additional expertise in asset management, corporate finance, and insurance
brokerage. The acquisition brings together Kraft Finans and Forte Fondene in a
strategic merger aimed at taking a stronger position in the Norwegian market.

Huddlestock will deliver IaaS solution including shareholder registers, tax
reporting, etc. 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. The contract with Kraft Finans is expected to
start generating revenue in the first quarter 2025.

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/17848032/18384614/5529/Download%20announce
ment%20as%20PDF.pdf

More information:
Access the news on Oslo Bors NewsWeb site

636448_Download announcement as PDF.pdf