Brico_1

About Brico_1

Brico is a RegTech company providing an AI-powered software platform to automate the financial licensing lifecycle for financial institutions and FinTech companies. Founded in 2023 by CEO Snigdha Kumar and CTO Edward Swiac, the San Francisco-based firm was established to address the complexities and high costs associated with state-by-state financial licensing. Kumar’s direct experience with the cumbersome licensing process as a product lead at companies like Digit (now Oportun) inspired the creation of Brico.

The company's software-as-a-service (SaaS) platform streamlines the acquisition, renewal, and management of various financial licenses across all 50 U.S. states. This includes Money Transmitter Licenses (MTL), lending, mortgage, debt collection, and digital asset licenses like the New York BitLicense. By combining AI-powered automation with human expert oversight, Brico's platform manages the entire compliance process, from auto-filling applications and digitizing forms to tracking regulatory changes in real-time. This centralized system is designed to replace inefficient spreadsheets and reduce reliance on expensive legal services, reportedly cutting licensing costs by up to 90% and application times by a factor of five.

Brico serves a range of clients from early-stage startups to publicly listed companies, including names like Marqeta, Bilt, and BitGo. The business model is based on providing its platform to these clients, which helps them accelerate market entry for new products. After a seed round of $8 million in September 2024, Brico secured a $13.5 million Series A round in October 2025, led by Flourish Ventures with participation from existing investors Pear VC and Restive Ventures, reflecting strong investor confidence amid rapid 600% year-over-year revenue growth. The firm plans to use the capital to expand license coverage, develop predictive compliance tools, and grow its team.