How the AI-powered RegTech firm Brico is revolutionising state and federal licensing for financial firms—speeding up time-to-market and cutting cost.
Highlights:
Brico has raised $13.5 million in a Series A funding round led by Flourish Ventures, reinforcing strong investor confidence in its AI-driven regulatory automation platform.
The platform automates the full licensing lifecycle for financial institutions—including applications, renewals and ongoing compliance—for state and federal jurisdictions, dramatically reducing time and cost.
Brico reports rapid growth (~600% year-over-year) and plans to expand its licensing coverage, predictive compliance tools and team to meet rising demand.
Summary :
Brico, a San Francisco-based RegTech startup founded in 2023 by industry veterans including Snigdha Kumar and Edward Swiac, has set its sights on one of the most onerous burdens in fintech: licensing. Securing state and federal financial licences—such as money-transmitter, lending and mortgage licences—has traditionally been slow, costly and highly manual. Brico’s AI-powered platform automates much of that work: it aggregates sheet-by-state regulatory requirements, auto-generates applications and filings, supports renewals, and consolidates workflows into one central system.
Having raised a $13.5 M Series A round led by Flourish Ventures (with participation from existing investors Pear VC and Restive) within a short timeframe after its seed round, Brico is clearly winning both market traction and investor backing. With reported growth of 600% year-on-year, the company is scaling fast. Its platform promises to slash licensing cost by up to 90% and accelerate the process fivefold—turning what was once a regulatory drag into a growth enabler.
For fintechs and financial institutions facing complex multi-jurisdictional licensing, Brico offers a compelling proposition: less paperwork, faster approvals, and more time to focus on product and growth rather than administrative overhead. As regulatory demands continue to expand and evolve, Brico is positioning itself as a modern platform for the licensing age—one that blends automation with expert oversight to deliver scale, speed and trust.
