Bricknode adds Backing Mind as investors in the company.

Bricknode, a Skövde, Sweden-based SAAS developer for financial institutions, announced that it signed off a capital investment agreement.

The deal was made with local investors from Sweden, including Backing Minds. Financial details were not disclosed.

Bricknode, founded in 2010 by CEO Stefan Willebrand, has developed a scalable, fully cloud based platform, that offers composable infrastructure for financial institutions and supports the digitalization within those organizations. The company says it produces ARR of about SEK 12M ($1.4M) from customers including East Capital, Sigmastocks, Kaptena and Nord Fondkommission.