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    HUDL ME   NO0010859648

HUDDLESTOCK FINTECH AS

(HUDL ME)
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Huddlestock Fintech's (OSE: HUDL) signs agreement with Danish Fintech MakeImpact! for its Bedrock solution.

09/06/2021 | 01:45am EDT
PRESS RELEASE

Huddlestock Fintech's (OSE: HUDL) signs agreement with Danish Fintech
MakeImpact! for its Bedrock solution. 

(Stavanger, NORWAY - 6 September 2021) Huddlestock Fintech (OSE: HUDL), an
award-winning and leading wealth-tech company focused on developing and
distributing B2B solutions to the financial services industry, has signed an
agreement to build and launch a low-cost trading platform for MakeImpact!, based
on Huddlestock's innovative Bedrock API trading solution.  MakeImpact!! is a
Danish Fintech with a mission to educate and empower retail investors wishing to
participate in the impact investment market.  

Huddlestock Fintech will provide trading infrastructure for MakeImpact! through
Bedrock, its innovative SaaS API trading solution.  The Bedrock
Software-as-a-Service (SaaS) solution allows clients to build and launch
low-cost trading platforms to access global capital markets.  The Bedrock
solution opens up trading access to more than twenty thousand equities and over
one hundred thousand financial instruments overall.  Powered by Huddlestock's
Bedrock SaaS API trading solution, MakeImpact! will be able to launch its impact
investment platform across Europe.  

"At MakeImpact!, our team of 40 strongly dedicated individuals believe in
education as a tool to understand how to impact the world a better place with
investing.  With Huddlestock's state of the art trading- and investment
solution, we can spread the mission of more sustainable investing and make a
real impact by offering low-cost trading and investing for our users, currently
in the thousands and set to grow exponentially, given our new capabilities,"
says CEO of MakeImpact!, Varan Pathmanathan.

To enable MakeImpact! to launch its investment activities, MakeImpact! will be a
tied agent hosted under Huddlestock Systems GmbH's regulatory umbrella,
Huddlestock Fintech's 100% owned German subsidiary which is authorised and
regulated by the German regulator BaFin. 

"As a leading European provider of trading- and investment infrastructure,
Huddlestock strongly supports the sustainable and ESG-investing segment. We are
delighted to support MakeImpact! with our innovative and inclusive trading
technology on their journey to make low-cost investing accessible to all.
Integrating our software solution into the investment platform of a serious
player in the Danish impact investment space validates our technology and the
solutions that we provide, as well as furthering our delivery on our targets as
part of the UN Global Compact, " says John E. Skajem, CEO of Huddlestock.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act. 

For questions, please contact investor relations.

To see all press and investor releases please have a look in the investor
relations section of our corporate website
www.huddlestock.com/investor-relations 

CONTACTS:

John E. Skajem, CEO, +47 418 87 412, jes@huddlestock.com 
Cecilia Luras, Director of Strategy & IR, +44 75 0090 5131, col@huddlestock.com 


About Huddlestock Fintech:
Huddlestock Fintech AS was listed on Euronext Growth Market 26 November 2020, as
Norway's first fintech company to be publicly traded. Huddlestock Fintech is a
company that develops and implements unique software as a service-solutions for
digitizing work processes for custody banks, asset managers and trading venues. 

The open, compliance-optimized and data centric wealthtech platform allows our
customers to offer a differentiated real-time product that reduces cost and
increases efficiency. Huddlestock Fintech's technology enables end-to-end
digital services such as onboarding, client communication, reporting, order
execution and portfolio management, all executed on the same platform. 

Huddlestock has developed two technology solutions, Apex (Custody) and Bedrock
(Connectivity). Apex is a software as a service-solution that links custody
services with asset managers and individual investors. Bedrock provides a white
label solution that is primarily a product for financial services firms wanting
to add low cost-efficient trading and investing services to their client web and
app offerings.  

Through its world-class expert consultancy Visigon, Huddlestock delivers
strategic technology solutions and process automation for the financial services
industry. Founded in 2003, Visigon has grown into becoming the preferred
supplier of financial consultancy services and technology providers in the
Nordic region.  Visigon became part of the Huddlestock Fintech family in 2021.

Huddlestock Fintech has offices in Oslo, Stavanger, Copenhagen, Stockholm,
Munich, Paris and Kuala Lumpur.

For more information, please visit www.huddlestock.com and www.visigon.com.

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange

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Financials
Sales 2021 23,0 M 2,73 M 2,73 M
Net income 2021 -4,00 M -0,48 M -0,48 M
Net cash 2021 60,0 M 7,13 M 7,13 M
P/E ratio 2021 -101x
Yield 2021 -
Capitalization 363 M 43,1 M 43,1 M
EV / Sales 2021 13,2x
EV / Sales 2022 3,69x
Nbr of Employees -
Free-Float 58,6%
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 1
Last Close Price 3,04 NOK
Average target price 8,00 NOK
Spread / Average Target 163%
EPS Revisions
Managers and Directors
John Egil Skajem Chief Executive Officer
Oyvind Hovland Chairman
Murshid Mikael Ali Director
Per ěyvind Berge Director
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