24SevenOffice
Done.ai Group AB completes the final closing in the acquisition of Huddlestock’s Investment-as-a-Service platform
Following the announcement on 14 April 2025, Done.ai Group AB (“Done.ai”) is pleased to confirm the successful final completion of its acquisition of Huddlestock Fintech AS’s (“Huddlestock”) Nordic Investment-as-a-Service (“IaaS”) platform (the “Transaction”).
As part of this final closing of the Transaction, Done.ai has taken over full ownership of Huddlestock Investor Services AS (“HIS”), following approval from the Norwegian Financial Supervisory Authority (Finanstilsynet) in accordance with the planned transaction timeline. The final settlement of 13.2MNOK is completed as a seller’s credit, which will be converted to equity in Done.ai at 14 SEK per share latest by the end of August 2025.
“This acquisition marks the closure of this transaction and our journey to create a unified, intelligent financial ecosystem for businesses. By integrating Huddlestock’s institutional-grade investment infrastructure with Done.ai’s platform and distribution network, we are not just adding capabilities, we are reshaping how companies can manage liquidity, credit, and investments in real time. This transaction accelerates our vision of embedding financial services seamlessly into everyday business workflows, unlocking new value for customers across the Nordics and beyond.”, says Staffan Herbst, CEO of Done.ai.
For further transaction details, please refer to the initial announcement.
Datum | 2025-08-11, kl 13:15 |
Källa | MFN |
