Bricknode secures loan for SEK 2.5 million
Bricknode today announced it has secured a loan for SEK 2.5 million provided by Founder and co-CEO Stefan Willebrand, co-CEO Erik Hagelin and Chairman Robert Lempka. The loan will support the company as it continues its path to profitability.
In August 2022, Bricknode announced a cost reduction plan in order to reduce risk for the company, and that plan has already helped Bricknode lower its monthly burn rate. The loan announced today will continue to support the company as it pursues its goal of reaching profitability.
Summary of the loan terms:
- Loan amount: SEK 2.5 million
- Loan term: 1 year
- Interest rate: 1.5% per month
Founder and co-CEO, Stefan Willebrand, said: “We’re pleased with the progress we’ve made in streamlining our business, and this loan will provide additional support as we forge ahead with a strong sales pipeline. We were glad to announce two new wealth customers in two weeks during December, and intend to carry this momentum into the new year.”
Contacts
Bricknode
Stefan Willebrand, Founder & co-CEO
+46 8 122 086 87
Certified Adviser
Amudova AB
+46 8 546 017 58
About Bricknode
Bricknode is a B2B-focused SaaS company that provides scalable, cloud-based software enabling financial companies to launch digital banking products at speed. The platform makes it easy for customers to build or transform almost any financial product with complete software for investment management, funds, lending, deposits and savings. The company also offers outsourcing solutions for back-office administration. Bricknode was founded in 2010 and supports financial companies globally. Find out more at bricknode.com or follow Bricknode on LinkedIn & Twitter.
This is information that Bricknode Holding AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:00 CET on 30 December 2022.