Money transmitter licenses in all 50 states. Handled for you.
Brico's dedicated licensing experts guide your MTL program from first application through the entire licensing life cycle. Our AI-native platform rapidly completes the form filling and administrative work required to get your licenses filed, so you can go from a 6-month application process to a matter of weeks, never losing sight of where things stand.
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, saving 50-90% compared to legacy service providers.
Each State Has Different MTL Requirements
Forms, net worth and surety bond requirements, and review timelines all vary, so each new state feels like starting over.
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 Pricey Billable Hours
Applying for and maintaining MTLs nationwide can cost millions of dollars. Get certainty over your budget with our affordable flat fees.
Guided by an experienced licensing practitioner who handles your MTL program.
Keep ownership of your program while still having expert support. Every Brico customer gets a dedicated licensing expert who knows your business and anticipates what regulators will ask before they ask it.
Our platform centralizes license tracking and streamlines reporting, while our licensing experts keep you compliant, with no law firm required.
Licensing strategy
How to manage state applications based on your unique product, flow of funds, and launch plan
Applications
State forms, policies, your business plan, and supporting documents, prepared and submitted
Regulator back-and-forth
We triage deficiencies and follow-up questions so your team doesn't have to
Renewals and reporting
Annual renewals, MSB Call Reports, and state-specific reports filed on time
Changes and big moments
New products, control changes, funding rounds, and acquisitions
Stay ready
A clean, complete record ready for the next exam or audit
See exactly where every license stands.
All of your licensing information in one place: status, deadlines, filings and documents.
Status in every state
Every license, application and filing, where it stands today.
Deadline calendaring
Stay ahead of renewals, reports and rule changes.
One record, always current
Centralized source of truth for documents, data, and notes. All in one place, ready for the next exam or audit.
Brico customers are building the future of finance.
We had never been through the MTL process before, but Brico's platform and experts made it very easy to navigate and apply. The whole thing was pretty quick and painless.
Venkat Paruchuri
Founder and CEO, Scanpay
Get licensed in your next state. Faster.
Brico's licensing experts manage your money transmitter licenses in all 50 states, from applications to renewals and reporting.