OSLO: Huddlestock Fintech has been admitted to trading on Merkur Market (ticker code: HUDL-ME).

Huddlestock Fintech offers two main products: a digital solution for custody banks and a trading connectivity solution for service providers.

“The markets for digitalization of the wealth management industry is growing rapidly. Our connectivity solution has the potential to disrupt the market for asset management products and securities trading,” said John E. Skajem, CEO in Huddlestock Fintech in a press release.

Recently, Huddlestock Fintech raised NOK 6.2 million through a private placement. “Being listed on Merkur Market will be a driver for growing the company, as well as an opportunity for investors to take part in the exciting and rapidly growing market,” said Øyvind Hovland, Chair of the Board and co-founder of Huddlestock Fintech.

The shares in the new issue were sold at NOK 2.10 per share, corresponding to an equity value of NOK 230 million.

Merkur Market will be renamed Euronext Growth 30 November as part of the transition to Euronext’s trading platform Optiq.

Huddlestock Fintech is a WealthTech company that develops unique Software as a Service solutions for digitizing work processes for custody banks, asset managers and retail trading venues. The open, compliance optimized and data centric-platform allows our customers to offer a differentiated real-time product that reduces cost and increases efficiency. www.huddlestock.com