In my recent article about Huddlestock I included a section about Investments as a Service (IaaS). In my opinion, the most valuable part of this service (IaaS) is the Brokerage part where both technology and the regulatory license of Huddlestock is combined into one package.
One of the most important leading indicators is Assets under Administration (“AuA”). AuA means how much value (cash and other assets like securities) is being administered in the custody accounts of a brokerage firm or bank.
Huddlestock just announced in this press release that its AuA had grown 33% since September 2023 and now surpasses NOK 5 billion.
More AuA means more business and more customers with accounts so this is really great news. Getting to the first billion is usually very difficult and Huddlestock has now reached a very meaningful milestone.
2 thoughts on “33% growth in 8 months!”