AI-driven regulatory automation platform Brico, a RegTech company transforming the way financial institutions manage licensing, has secured $13.5m in a Series A funding round.
The round was led by Flourish Ventures, with participation from existing investors Restive Ventures and Pear VC. The fundraising comes less than a year after Brico’s seed round, marking a rapid milestone for the company, which has seen 600% year-over-year growth.
Founded in 2023 by industry veterans Snigdha Kumar and Edward Swiac, Brico uses intelligent automation to streamline complex licensing processes for payments, digital asset, lending, and mortgage companies.
Its technology helps firms become licensed faster and more cost-effectively, addressing one of financial services’ most persistent challenges — navigating fragmented, state-by-state regulatory requirements.
The new capital will be used to expand Brico’s license coverage, develop predictive compliance tools, and introduce new licensing agents capable of managing regulatory workflows. The company also plans to double its workforce within the next year to support growing client demand.
Brico CEO and co-founder Snigdha Kumar said, “Financial licensing is the invisible backbone of innovation in FinTech, and until now, it has been the industry’s biggest bottleneck.
“Companies are shifting from third-party models to owning their own licenses for greater control, scalability, and trust. We’re building the modern platform that makes license ownership fast, affordable, and joyful, empowering Payment, Crypto, Lending, and Mortgage providers to launch and expand with confidence. The fact that our existing investors doubled down and we closed this round so quickly after our seed demonstrates the massive market opportunity we’re capturing.”
Flourish Ventures founding partner Kabir Kumar said, “Every company that touches money faces the same painful licensing maze, and Brico finally cracked the code.
“Brico is establishing the new standard for financial licensing, transforming a major operational burden into a source of speed, trust, and scalability. Their growth trajectory has been exceptional. Hence, we doubled down on Brico.”
Read the daily FinTech news
Copyright © 2025 FinTech Global
Copyright © 2018 RegTech Analyst
