Fra LOI i Januar:
Co-CEO of AVL, Simon Lange, says: “As one of the most progressive and successful providers of investment services in Germany, we are very keen to expand our offering and reach new target groups. We want to achieve this together with Huddlestock, which has proven itself to be a modern and customer-oriented technology and service provider in recent years.”
The signed LOI with AVL is of strategic importance for Huddlestock as it confirms the interest of the German market in Huddlestock´s Investment-as-a-Service offering, especially since this is outside the Nordic region. Huddlestock has been present in the German market since 2019, including deliveries to among others, Solaris Bank. The expected revenue for Huddlestock consists of a combination of retail fees and trading commissions.