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More than 94% of Bricknode revenues came from recurring sources over past year
Bricknode, a leading SaaS financial services platform, today published an analysis of its revenues (https://blog.bricknode.com/en/bricknode/more-than-94-of-bricknode-revenues-came-from-recurring-sources-during-the-past-year/) for the period Q2 2021 - Q1 2022, highlighting that 94.33% of income consisted of recurring revenues. A breakdown of revenue by source showed that 74.97% of income was generated by Bricknode Broker subscriptions, while 20.31% was attributed to Bricknode Lending, and 4.72% to support activities.
Bricknode operates a software-as-a-service (SaaS) distribution model across its product verticals which include Bricknode Broker and Bricknode Lending. The analysis highlights the company's focus on delivering long term value to customers through its software subscriptions.
"At Bricknode, we've spent over a decade developing and enhancing our financial software so we can offer great value to customers over the long term," says Stefan Willebrand, Bricknode founder and CEO. "That's why we're incredibly proud to report that more than 94% of our income consists of recurring revenues."
Bricknode Broker is a digital investment platform used by banks, fintechs and brokers to design and launch modern investment propositions. Bricknode's second product offering, Bricknode Lending, is a loan management platform that fintechs and lenders use to design and administer digital lending propositions.
Bricknode is entering the final development stages of its two newest SaaS products, Bricknode Deposits & Savings and Bricknode Investment Manager.
For more information on Bricknode products, please visit https://www.bricknode.com/.