Money Transmitter License Software for Fintech Startups
Brico helps fintech startups apply for and maintain money transmitter licenses (MTLs) across multiple states—5x faster, accurately, and for a flat monthly fee. Skip law firm delays and move to market faster with smart workflows and expert-backed support.
Why Money Transmitter Licensing Slows Startups Down
Every state has different MTL requirements, documents, and timelines—creating a confusing and time-consuming maze for founders. Without dedicated legal resources, teams waste time, burn capital, and risk missing key deadlines that stall 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 And Law 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 Startups Launch Faster and Save Up To 90%
Brico helps fintech startups apply for money transmitter licenses (MTLs) faster and with fewer legal costs. Our platform replaces spreadsheets and manual tracking with smart automation, centralized license workflows, and built-in compliance guidance. From application prep to ongoing renewals, Brico gives founders a launch-ready path—with no billable hours.
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.
Will Hubbard
Founder and COO, Agree.com
Schedule a Demo
Discover how Brico can simplify your new license applications.