HUDDLESTOCK acquired by DONE AI

Done.ai Group AB has acquired Huddlestock Fintech AS through the purchase of 100% of the shares in Huddlestock Investor Services AS, Huddlestock AB and Huddlestock Technologies AB. The transaction will be completed pending approval from the Norwegian Financial Authority and includes a cash component at closing together with a seller's credit that may be converted into equity or cash at the buyer's discretion. Integration plans call for embedding Huddlestock's Investment-as-a-Service technology into the Done.ai platform and delivering the combined solution to the extensive customer base of 24SevenOffice under an exclusive three‑year distribution agreement. The acquisition aligns with Done.ai's objective to broaden its AI‑native fintech ecosystem by adding institutional‑grade investment infrastructure to its existing suite of embedded financial services. By consolidating the IaaS platform, Done.ai can cross‑sell treasury, credit and payment functionalities to existing ERP clients while leveraging its partnership with a leading Nordic bank to satisfy regulatory requirements. The combined offering enhances the company's ability to capture a larger share of the growing demand for real‑time, automated liquidity and investment management among mid‑market businesses. Post‑closing, the buyer expects to realize cost efficiencies through the integration of development teams, shared cloud resources and streamlined governance structures. Revenue growth is anticipated from accelerated adoption of the IaaS platform within the 24SevenOffice ecosystem and from new corporate clients seeking embedded investment capabilities. The expanded product portfolio positions the combined entity to increase recurring revenue streams, improve profitability and strengthen its competitive stance in the European embedded finance market.