Brico
Brico is an AI-driven regulatory automation platform that helps fintechs and financial institutions acquire and maintain financial licenses across all 50 US states, covering money transmitter, lending, mortgage, and crypto compliance.
- Company typePrivate
- Founded2023
- HeadquartersSan Francisco, United States
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What Brico does
Brico is a US-based regulatory technology company that has built a SaaS platform to automate financial licensing for fintechs and financial institutions operating across all 50 states, Washington D.C., and US territories. Founded in 2023 in San Francisco, the company targets Money Services Businesses (MSBs), lenders, cryptocurrency and digital asset firms, mortgage providers, and fintech startups that need to apply for, maintain, and renew state-by-state licenses including money transmitter licenses (MTLs), consumer and commercial lending licenses, mortgage licenses, debt collection/servicing licenses, the New York BitLicense, and the California Digital Financial Assets Law (DFAL). The platform addresses a workflow problem: financial licensing requires repetitive data entry across 50+ jurisdictions with inconsistent forms, deadlines, and regulator expectations, which companies historically addressed through law firms at significant cost and time.
The platform is built around six core capabilities: Smart Data Mapping that pre-populates applications across jurisdictions from a single source of company data; Automated Application Filling that completes 80% of new license applications without manual entry; Real-time Data Sync that centralizes license status, deadlines, and regulatory changes; Collaborative Task Management with in-app chat, audit trails, and assignable workflows; Automated Reports and Flags that surface upcoming filings and regulatory changes; and a Dedicated Compliance POC providing human regulatory expertise. The company is SOC 2 Type 2 certified and the founding team includes individuals with backgrounds spanning CFPB, Block, Robinhood, Airwallex, OFX, and Bank of America, lending domain credibility. AI is applied primarily to process automation, knowledge retrieval (state-specific regulatory guidance), and anomaly detection (deadline and requirement monitoring), with the platform claiming 5X faster applications and 50–90% cost reductions versus traditional legal approaches.
Brico monetizes through quote-based enterprise SaaS subscriptions priced by number of licenses, states, and license types, billed annually, supplemented by professional services revenue from license preparation and regulator interactions. The go-to-market is sales-led with demo-based acquisition, supported by content marketing (SEO-optimized blog covering MTL guides, crypto licensing, and state-by-state requirements), LinkedIn presence, case studies with named customers, and earned media including Forbes Fintech 50 recognition in both 2025 and 2026 and a Business Insider "15 AI-powered fintechs to watch in 2025" listing. As of February 2025 the company reported 25 customers including Funding Circle (now iBusiness Funding), Bilt, Marqeta, BitGo, 1Money, and LB Finanzas. Distribution channels include direct enterprise sales and a self-serve platform tier, with a strategic partnership with Modern Treasury targeting the embedded payments sector.
Brico firmographics
Firmographics- Name
- Brico
- Legal name
- Brico, Inc.
- Website
- https://brico.ai
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Brico is an AI-driven regulatory automation platform that helps fintechs and financial institutions acquire and maintain financial licenses across all 50 US states, covering money transmitter, lending, mortgage, and crypto compliance.
- Ownership category
- akta.pro rank
Brico industry classification
Industry- Product category
- Financial Licensing Compliance Software
- NAICS
- Software Publishers (5132)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- Risk, Compliance & Controls for Embedded Finance (KYB/KYC/AML, Fraud, Disputes) (FSAGALAK)
- akta.pro secondary industry
- Contract Lifecycle Management (CLM) & Document Automation (BPAEAPAD)
Keywords
Where Brico is headquartered
LocationHeadquarters
- HQ city
- San Francisco
- HQ country
- United States
- HQ region
- North America
Markets served
Brico business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- SaaS Licensing Platform Subscription: Brico provides an automated licensing platform as a SaaS subscription, helping companies apply for, maintain, and renew financial licenses. The platform automates new license applications, periodic reporting, renewals, and exam responses. Pricing is quote-based, suggesting custom enterprise contracts tailored to the number of licenses and states covered.
- License Preparation Services: Professional services for license preparation, including document preparation, regulator interactions, and expert guidance. The company positions itself as 1/10 the cost of a US law firm for the same licensing work.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise SaaS platform with custom pricing |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels5 records
Brico product offering
Product offeringCore offering
Brico provides a SaaS platform that automates the application, maintenance, and renewal of US financial licenses for fintechs and financial institutions across all 50 states and territories. The platform supports money transmitter licenses, lending licenses, mortgage licenses, debt collection/servicing licenses, NY BitLicense, and California DFAL licensing, combining AI-driven workflow automation with a dedicated human compliance point of contact. Customers use the platform to file new applications, manage ongoing reporting and renewals, and receive deadline and regulatory change alerts.
Product overview
Brico offers a unified SaaS platform for automating financial licensing compliance for fintechs and financial institutions. The core platform consists of New License Applications and License Maintenance and Renewals modules, which together automate the complete licensing lifecycle from initial application through ongoing compliance management. The platform supports multiple license types including Money Transmitter Licenses (MTLs), Lending Licenses, Debt Collection/Servicing, Mortgage Licenses, and Crypto Licenses (including NY BitLicense and California DFAL). A key differentiator is the combination of intelligent automation (smart data mapping, prebuilt checklists, automated workflows) with human expert-in-the-loop support for regulatory interpretation and edge case handling. The platform covers all 50 U.S. states plus Washington D.C. and territories, enabling companies to achieve 50-90% cost savings and apply 5X faster than traditional methods.
Differentiator
Problem solved
Functional benefit
Products and services
- New License Applications Automates the submission and management of new financial license applications across all U.S. states and territories for fintechs and financial institutions, enabling applications at 1/10 the cost and 5X faster than traditional law firm methods.
- License Maintenance and Renewals Manages ongoing license compliance including periodic reporting, annual renewals, and regulatory change tracking, with automated deadline management and a centralized source of truth across multi-state license portfolios.
- DFAL Licensing California Digital Financial Assets Law (DFAL) compliance solution for crypto companies, managing applications through NMLS with specific digital asset activity requirements including business plans, custody arrangements, AML/BSA documentation, and cybersecurity compliance.
- NY BitLicense New York BitLicense compliance solution for virtual currency businesses operating in New York, providing end-to-end license application management, expert guidance, document management, and real-time status tracking for one of the most rigorous state-level crypto regulatory frameworks.
- Money Transmitter License (MTL) State-by-state money transmitter licensing support for money services businesses operating across all 50 states, Washington D.C., Puerto Rico, and U.S. territories, including payment processors, digital wallets, P2P payment apps, remittance companies, and bill payment services.
- Lending Licenses Consumer and commercial lending license applications and maintenance across applicable states, supporting installment loans, consumer finance, and SBA licenses for consumer finance companies, installment lenders, commercial lenders, and SBA-approved lenders.
- Mortgage Licenses Mortgage broker, lender, and servicer license applications and renewals managed through NMLS integration for mortgage providers, brokers, and loan officers requiring NMLS-based licensing and ongoing compliance.
- Crypto Licensing
Quantifiable outcome
- 50-90% cost savings on licensing costs compared to traditional methods
- +7 more outcomes
Companies that use Brico
Customer profileNamed customers6 records
Segments5 records
Ideal customer profiles2 records
Brico technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability3 records
Feature6 records
Brico partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Modern TreasurycorePartnership to help companies obtain and maintain money transmission licenses while using automated payment operations infrastructure. Targets the embedded payments sector projected to grow 134% to reach significantly higher transaction values by 2028. Combines Brico's licensing compliance expertise with Modern Treasury's payment operations software to reduce barriers to entry for companies seeking to embed payment solutions.
Scale indicators8 records
Recent moves5 records
Expansion highlights6 records
Brico competitors and assessment
Company assessmentOthers
- Sift: Sift provides fraud-detection and trust-and-safety infrastructure for fintechs and digital businesses, serving similar fintech buyers but with a different compliance focus than Brico's licensing automation.
Broad incumbents
- ComplyAdvantage: ComplyAdvantage is an established regtech providing AML, sanctions, and fraud detection to financial institutions, addressing overlapping compliance needs for many of Brico's enterprise fintech customers.
- Wolters Kluwer: Wolters Kluwer is a large incumbent providing regulatory compliance, risk management, and financial-services software (including OneSumX for regulatory reporting), serving many of the same financial institutions Brico targets.
- Onfido: Onfido is an established identity verification and KYC platform for fintechs, banks, and crypto businesses, serving the same regulated-entity customer base that needs licensing compliance.
Direct peers
- Ascent: Ascent is a regulatory technology platform specifically focused on helping fintechs and banks automate licensing, registration, and compliance workflows—directly competing with Brico's core offering.
- Anvil: Anvil provides paperwork automation APIs and PDF/forms tooling used by fintechs and financial institutions, overlapping with Brico's automation-of-financial-paperwork value proposition for compliance and licensing workflows.
Emerging players
- Modern Treasury: Modern Treasury is Brico's strategic partner and a payments-operations platform for fintechs; while not a direct licensing competitor, it serves the same enterprise fintech buyer and increasingly bundles compliance offerings.
- Sumsub: Sumsub offers KYC/AML and compliance verification tools for fintechs and crypto firms, competing for the same compliance budget that Brico targets but focused on identity verification rather than licensing.
- Sardine: Sardine provides fraud, AML, and compliance infrastructure for fintechs and crypto companies, addressing adjacent regulatory pain points for the same target customers as Brico.
- Persona: Persona provides identity verification and KYC compliance tooling used by fintechs and crypto companies, adjacent to Brico's compliance platform and serving overlapping buyer personas.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Brico social profiles
Digital presenceBrico compliance and trust
Trust signalCompliance1 record
Brico financial estimates
Financial estimateRevenue estimate
Valuation estimate
Brico leadership team
Management profileNumber of profiles
Profiles5 records
Brico funding detail
Funding detailFunding overview
Funding rounds3 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Brico M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Brico
What does Brico do?
Brico provides a SaaS platform that automates the application, maintenance, and renewal of US financial licenses for fintechs and financial institutions across all 50 states and territories. The platform supports money transmitter licenses, lending licenses, mortgage licenses, debt collection/servicing licenses, NY BitLicense, and California DFAL licensing, combining AI-driven workflow automation with a dedicated human compliance point of contact. Customers use the platform to file new applications, manage ongoing reporting and renewals, and receive deadline and regulatory change alerts.
Is Brico a public or private company?
Brico is a private company. It is classified as venture growth investor backed and is currently operating.
When was Brico founded?
Brico was founded in 2023. It employs 1 to 10 people.
Where is Brico based?
Brico is headquartered in San Francisco, United States, in the North America region.
How does Brico make money?
Two revenue lines are on record. SaaS Licensing Platform Subscription is the primary driver. The others are license Preparation Services.
Who are Brico's main competitors?
Sift is listed as an others. Broad incumbents are ComplyAdvantage, Wolters Kluwer and Onfido. Direct peers are Ascent and Anvil. Emerging players are Modern Treasury, Sumsub, Sardine and Persona.
Does Brico have an API?
No public API is recorded for Brico.
What industry is Brico in?
Brico's product category is Financial Licensing Compliance Software. Its primary akta.pro industry code is FSAGALAK, Risk, Compliance & Controls for Embedded Finance (KYB/KYC/AML, Fraud, Disputes), with a secondary code of BPAEAPAD, Contract Lifecycle Management (CLM) & Document Automation. Its NAICS code is 5132 and its SIC code is 7372.