Bricknode 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, Bricknodeannounced 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 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.