Huddlestock Wins First Insititutional Client

Huddlestock Wins First Insititutional Client
20.04.2017 08:00 am

Huddlestock Wins First Insititutional Client

Investment Management

Huddlestock, a fintech company based at Level39 in London and Pier X in Oslo, has signed an agreement with its first institutional client, the Icelandic Pension Fund, Sparnaður, based in Reykjavik.

Huddlestock, established in 2014 by Murshid M. Ali, Øyvind Hovland and Michel van Tol, launched its platform in 2017, allowing investors to receive and directly invest in investment ideas. The platform combines alpha capture, a successful strategy used at numerous hedge funds, and crowd-trading, giving investors a transparent, flexible and innovative way of investing in the financial markets.

Huddlestock is currently trading in a closed beta environment with over 700 clients. The company continues to improve its offering in preparation for phase 2, which includes introducing ‘huddles’, which allows for collaboration between clients in the form of virtual funds, and a mobile app.

“That we’re being taken seriously by institutional clients is a big step forward for a small company like ours. It shows that our value proposal rings true and that fintech companies are being considered as viable alternatives to the incumbents. Together with Sparnaður we’ll be looking to setup the first huddles on the platform which will help them reach a global audience while directly benefiting their clients,” says Chief Investment Officer, Michel van Tol.

Related News

Profile: UK-based Forte Securities selected Axia for their investment and custody operations

Profile Software, a leading financial solutions provider, announced today a new partnership in the United Kingdom with... Read more »

Corfinancial: ‘remote working during market turmoil has not affected our clients using Salerio’

corfinancial, a leading provider of specialist software and services to the financial services sector, reports that its clients have enjoyed uninterrupted... Read more »

TrackInsight names Nasdaq as its exclusive distributor in North America

TrackInsight (www.trackinsight.com), the leading global independent ETF analytics platform, has named Nasdaq its... Read more »

Equiniti rebrands as EQ

Equiniti, the international technology-led services and payments specialist, is delighted to announce that it is becoming EQ.

EQ provides accessible digital services for... Read more »

Hoxton Ventures announces close of its second fund, backed by British Patient Capital

Hoxton Ventures announced the final close today of Hoxton Ventures II L.P., an early stage European venture capital fund building on the firm’s record of finding and... Read more »

Trustly announces strategic minority investment by a consortium of investors to support further expansion

BlackRock Private Equity Partners, through its private equity funds and accounts under management, together with a consortium of institutional investors, including among others... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel