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.
