Lending License Compliance for Fintech Startups
Brico helps consumer and commercial lending startups apply for and maintain state licenses—5x faster and without relying on expensive licensing vendors or law firms. We support credit, servicing, collections, brokering and earned wage access licenses across all 50 states with automated workflows and expert-backed compliance tools.
Why State Lending License Compliance Slows Startups Down
Each state has its own rules for credit, servicing, collections, brokering and earned wage access licenses—making multi-state expansion confusing and time-consuming for early-stage lending teams. Without dedicated legal resources, startups burn capital, miss deadlines, and risk delays that impact product launches and investor momentum.
No Two States Require the Same Thing
Each state has its own forms, fees, timelines, and qualification standards. Without a centralized source of truth, founders spend months trying to decode what’s needed.
Legacy Services Firms Are Expensive
Traditional legal and licensing services firms are slow and can cost millions of dollars. Firms bill hourly, live out of spreadsheets and inboxes, and can delay your go-to-market.
Missteps Can Result in Regulatory Bottlenecks
Without automation, it’s easy to make mistakes—causing inquiries that delay launch and threaten your reputation.
How Brico Helps Lending Startups Launch Faster and Stay Compliant
Brico helps consumer and commercial lending startups apply for and manage state licenses for credit, servicing, collections, brokering and earned wage access—without the overhead. Our platform replaces spreadsheets and manual tracking with smart automation, centralized compliance workflows, and expert-backed licensing support. From application prep to renewals, Brico gives startups a faster, audit-ready path to scale—with no billable hour.
Up-To-Date Requirements
100+ checklists, 500 pages of state code distilled to create up-to-date actionable and easy to understand requirements across all US states.
Intelligent Automation
Auto form-filling and faster application preparation by leveraging smart data mapping.
Reduced Paperwork
Over 200 paper forms digitized in-product so you reduce reliance on physical paper
Centralized Source of Truth
Centralize all work and knowledge in one platform to own your source of truth for future exams and audits. Never lose context during team expansion or employee turnover.
Built-in Project Management
Effortlessly collaborate with team members and external vendors by assigning tasks, automating reminders and feedback. Save valuable time by eliminating the need for repetitive follow-ups on tasks.
Licensing Expert-in-the-Loop
Get the benefit of a dedicated licensing expert to help unblock any hurdles in addition to the guidance in our platform.
Teresa Bruce
Senior Paralegal, iBusiness Funding (f/k/a Funding Circle)
Schedule a Demo
Discover how Brico can simplify your new license applications.