SaaS provider Bricknode buys Lendysoft lending platform
Bricknode, a Swedish cloud-based software-as-a-service (SaaS) platform for financial services, has acquired Lendysoft’s lending technology to expand its ‘lending-as-a-service’ capabilities.
The fintech says the acquisition, which will cover peer-to-peer and balance sheet lending offerings, is part of its plan to boost revenues by 25%.
“We will now immediately integrate Lendysoft into our sales channels,” says Bricknode
Founded in 2014, Lendysoft has since integrated with Bricknode as a verified partner, offering further integrations with debt collection companies and credit reporting services.
Leading up to its acquisition, Lendysoft had managed roughly 10,000 credits and more than 85,000 loan applications since its inception.
“We are very pleased to be able to finalise this deal with the acquisition of Lendysoft, which fits perfectly with Bricknode, both in terms of employees and technology,” says CEO Stefan Willebrand.
“We will now immediately integrate Lendysoft into our sales channels and in our range of software that we can offer the financial industry both nationally and internationally.”
Bricknode’s software, Bricknode Financial Systems (BFS), offers firms a core application which operates transactions, accounts, and legal entities. Clients can use its application programme interface (API) to integrate their own systems and build new applications.
Bricknode Broker, the company’s other software offering, is a solution specifically designed for brokers and portfolio managers. It provides software for back office operations, the advisor interface and the customer front-end.
The fintech says on its website that it functions “as a complete backend” for firms’ financial application. Customers include Austrian savings firm Amicus Invest and Swedish pension services firm Svenska Fribrevsbolaget.
