# Brico

> Brico is a San Francisco RegTech company that automates the grind of getting and keeping financial licenses. Founded in 2023 by Snigdha Kumar and Edward Swiac, its AI-powered platform pairs a 50-state regulatory intelligence engine with human compliance experts to help money transmitters, lenders, mortgage providers, and crypto firms file applications up to 5x faster and cut licensing costs by as much as 90%. Customers include Marqeta, Bilt, BitGo, and Better Mortgage.

- **Founded:** 2023
- **Headquarters:** San Francisco, California, United States
- **Founders:** Snigdha Kumar (CEO & Co-Founder), Edward Swiac (CTO & Co-Founder)
- **Team size:** ~51 employees
- **Products:** New License Applications, License Maintenance & Renewals, Crypto & Digital Asset Licensing, Regulatory Intelligence Engine, California DFAL Licensing
- **Notable:** Raised $21.6M total across seed ($8.1M) and Series A ($13.5M) rounds, Named one of Forbes' Top 50 FinTechs two consecutive years, Reported 600% year-over-year growth in 2025

## Products & services

- **New License Applications** — Automated, AI-assisted applications for money transmitter, lending, collection, and mortgage licenses across all US states, with auto-fill, smart data mapping, and application templates.
- **License Maintenance & Renewals** — Automated renewal workflows, compliance alerts, report generation, and a centralized documentation hub so licenses stay in good standing.
- **Crypto & Digital Asset Licensing** — Support for money transmitter licenses across 50 states plus New York BitLicense and the Louisiana Virtual Currency License for digital asset companies.
- **Regulatory Intelligence Engine** — Real-time monitoring of licensing requirements and regulatory changes across all 50 states.
- **California DFAL Licensing** — Dedicated support for California's Digital Financial Assets Law licensing.

## Achievements

- Raised $21.6M total across seed ($8.1M) and Series A ($13.5M) rounds
- Named one of Forbes' Top 50 FinTechs two consecutive years
- Reported 600% year-over-year growth in 2025
- Signed marquee fintech customers including Marqeta, Bilt, BitGo, and Better Mortgage
- Helps customers file applications up to 5x faster and cut licensing costs by up to 90%

## Latest updates

- **2025-10** — Closed a $13.5M Series A led by Flourish Ventures with Restive Ventures and Pear VC participating, just a year after seed.
- **2025-10** — Reported 600% year-over-year growth and named to Forbes' Top 50 FinTechs for a second consecutive year.
- **2024** — Raised an $8.1M seed round to set a new standard in financial licensing.

## Links

- Website: https://brico.ai
- LinkedIn: https://www.linkedin.com/company/bricoai

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Profile page: https://yespress.io/brico
Published by YesPress — https://yespress.io
Last updated: 2026-07-13