Automated Money Transmitter Licensing for MSBs
Automate your money transmitter license applications and renewals with Brico — the all-in-one licensing platform for MSBs. Brico replaces expensive services firms and spreadsheets with a centralized system that streamlines compliance and reduces risk.
Whether you're applying for your first MTL or maintaining licenses in multiple states, Brico saves time, cuts costs, and keeps you audit-ready.
Why Money Transmitter Licensing Slows Money Movers Down
State licensing requirements are overwhelming, confusing and can cause headaches for even the most experienced teams.
Brico helps MSBs streamline state-by-state money transmitter licensing and save 70-90% compared to legacy service providers.
Each State Has Different MTL Requirements
From forms to timelines to documentation, managing state-by-state licensing slows down multi-state expansion and increases regulatory complexity.
Manual Tracking Causes Delays and Errors
Using spreadsheets and email threads to manage tasks leads to missed deadlines, single points of failure, and increased risk of non-compliance.
Services Firms Charge Expensive Billable Hours
Applying for and maintaining MTLs nationwide can cost millions of dollars. Get certainty over your budget with our affordable flat fees.
How Brico Helps MSBs Simplify Compliance and Cut Costs
Brico helps money services businesses (MSBs) reduce manual work, lower licensing costs, and stay compliant with state money transmitter license (MTL) requirements. Our platform centralizes license tracking and streamlines reporting, while our licensing experts ensure you stay compliant—no law firm required.
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.
Choose Which Describes Your Business
Brico supports money services businesses (MSBs) at every stage,
from first-time MTL applicants to multi-state license holders. Select the path that best fits your business.
Startup
Launch faster. Stay compliant.
Brico helps new money services businesses go to market 5x faster and up to 90% cheaper with smart data mapping and streamlined workflows.
Enterprise
Reduce your license workload by 75%.
Simplify renewals, manage multi-state compliance, and centralize license tracking with Brico’s full-service platform.
Venkat Paruchuri
Founder and CEO, Scanpay
Schedule a Demo
Discover how Brico can simplify your new license applications.