Bricknode sees itself as the SpaceX of the financial industry

Sweden-based Bricknode, a cloud financial services software company, sees itself as the SpaceX of the financial industry.

The company has released a new report highlighting how it is setting the stage for “constant innovation.”

Bricknode has created a suite of products, assembled a team that is agile and more efficient than its competition, built and educated a sales organisation in record time and established a marketing machine that generates hundreds of inbound leads each month.

In a statement, Bricknode said, “It might be difficult to take in that a small company based in Skövde, Sweden has been able to build a product that can be used to rival or complement products built by multiple billion-dollar firms.”

A testament to its successes is the reaction from staff members. It reflected on new staff members that joined Bricknode from large technology companies and after a few months told them how incredible it is Bricknode has established a great system with a small team.

It added, “By using new tech and thinking in new ways I view what Bricknode has accomplished in the financial industry in the same way as what SpaceX is doing in the space industry. No one thought it was possible until it was!”

The company is currently attempting to make its growth less “bursty” by adding more product segments, such as Bricknode Investment Manager, Bricknode Deposits and Brokerage as a Service.

Its main focus is on Bricknode Broker, which helps clients launch customer front ends, websites for advisors and external partners, and a full back office. It is also focused on Bricknode Lending, which lets firms manage their loans.

Read the full report here.

Bricknode recently released research that found 44% of European neobanks currently offer investment products. It also found that 54% of neobanks with investment products offer multiple asset classes.

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