Bricknode announced that Lenpals, a fintech start-up offering short-term personal loans, has selected its loan management solution, Bricknode Lending. Lenpals is being launched to help redefine the short term lending industry and deliver affordable and responsible credit to consumers. Based in Sweden, Lenpals is developing its proposition from the ground up and plans to launch its services in early 2023.

By selecting Bricknode, Lenpals now has access to a complete loan origination and management system from which it can administer its lending product. Bricknode Lending handles the complete loan lifecycle and can be configured to support various lending propositions. Lenpals is developing its customer application with technology firm Visionmate, which will integrate with Bricknode Lending via API.