23.8.2024 07:00:01 CEST | Huddlestock Fintech AS | Non-regulatory press releases
Huddlestock Fintech AS (“Huddlestock”), a leading investment technology and services provider, has signed a letter of intent (“LOI”) with the German fintech company Tradevest GmbH (“Tradevest”) to explore a potential combined investment solution in Germany.
In January 2024, Huddlestock announced a LOI with AVL Finanzvermittlung Beteiligungen GmbH (“AVL”) for a potential collaboration to offer trading and investment services to the German market. Huddlestock intends to leverage Tradevest’s technology in a combined offering to AVL and other future partners.“With Tradevest’s compatible technology, we have the potential to accelerate entry into the German market through a combined offering,” says Leif Arnold Thomas, CEO of Huddlestock. “Navigating regulatory and technical disparities across regions for seamless platform technology integration requires significant investments. A local platform partnership represents an effective alternative to speed up time to market.”Tradevest is a German financial technology company focused on developing AI-driven solutions for trading and investment management. The company is based in Munich.“With Tradevest, we have identified a potential partner with an ideal setup for using the Huddlestock Group’s digital solutions in the German market,” says Robert Fuchsgruber, Co-CEO of Huddlestock GmbH.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 Investment-as-a-Service 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.
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
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
Attachments
Download announcement as PDF.pdf
230824_HFT IR_Press release LOI_Tradevest.pdf
