Brico closed $8.1M Seed round

Brico raised $8.1 million in Seed financing. The round was led by Pear VC and included participation from Flourish Ventures, Cambrian Ventures, and Restive Ventures.

Brico offers a SaaS platform for managing fintech and financial institution licenses. The company's automated license management tool, which utilizes AI, facilitates the entire lifecycle of licensing, including applications, maintaining license status, and meeting ongoing regulatory requirements. Brico aims to make licensing compliance cheaper, more automated, and seamless for financial institutions and fintechs. The company supports various license types, including Money Transmitter Licenses (MTLs), Lending Licenses, Debt Collection/Servicing, and Mortgage Licenses, and serves clients ranging from early-stage startups to publicly listed companies.